Coca-Cola earnings drop despite higher North American sales
Coca-Cola
New York - Arab Today
Coca-Cola said Thursday the strong US dollar again hit results in some overseas markets, leading to lower fourth-quarter earnings, although it scored higher revenues in North America.
The soft drink giant said net income for the quarter ending December 31 fell to $550 million, down 55.5 percent from the final quarter of 2015, due in part to costs associated with the sale of the company's North American bottling operations to franchisers.
Revenues slipped to $41.9 billion, down 5.5 percent, with declines in Latin America and Europe/Middle East/Africa.
Sales in North America were a bright spot, rising eight percent.
Coca-Cola has introduced more soda products in packages smaller than the traditional 12- and 16-ounce sizes in response to health and obesity concerns. Coca-Cola also has had success with Smartwater, a flavored water product.
Net income for the quarter translated into 37 cents per share, matching analyst expectations.
Coca-Cola forecast a one to four percent decline in 2017 earnings-per-share compared with last year.
The company's share price fell 2.3 percent to $41.06 in pre-market trading.
Source :AFP
GMT 12:59 2017 Saturday ,18 March
PepsiCo CEO's pay rises 13% as health push helps boost earningsGMT 10:03 2016 Wednesday ,21 December
Coca-Cola bottles African stake from ABInbevGMT 07:48 2016 Thursday ,01 December
Coca-Cola opens first factory in Gaza Strip after a ceremonyGMT 10:44 2016 Thursday ,13 October
Coke, Pepsi fund health groups but fight them tooGMT 14:45 2016 Wednesday ,10 February
Coca-Cola earnings rise on higher volumesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:26 2018 Wednesday ,12 December
Russian activist Butina allegedly agrees to plead guilty to conspiracyGMT 21:59 2013 Monday ,08 April
Penis size does matter to women
GMT 11:24 2018 Friday ,14 December
Turkey will enter Syria’s Manbij if US doesn’t remove YPG fighters
GMT 09:28 2017 Saturday ,02 September
Sophia Al Marikh marks marriage anniversary
GMT 15:21 2018 Sunday ,14 January
Two dead in Peru after 7.3 magnitude quake
GMT 07:06 2015 Tuesday ,20 January
Novel offers dark twist on boy-meets-girl
GMT 10:51 2017 Saturday ,11 March
Signs of momentum for Dubai property sectorGMT 17:13 2012 Thursday ,16 August
Jordanian feature to be screened at Toronto film festivalGMT 19:35 2012 Tuesday ,11 December
Aromatherapy diffusers bring comfort and clarity
GMT 09:26 2017 Tuesday ,29 August
EU's Juncker says Turkey leaving Europe by 'giant steps'
GMT 07:54 2018 Tuesday ,04 December
Eurozone finance ministers agree reforms
GMT 09:58 2018 Thursday ,22 November
Nissan chairman Ghosn faces possible dismissal following arrest
GMT 13:50 2017 Thursday ,08 June
Water desalination station for North Sinai residents now under-construction
GMT 23:07 2012 Tuesday ,06 November
HSBC earmarks more money for US fines
GMT 07:26 2011 Thursday ,08 September
Daewoo Securities\' plan to raise capital gets
GMT 10:13 2017 Sunday ,23 July
Syrian Army kills, injures Daesh MilitantsGMT 18:07 2012 Saturday ,28 April
Nikon D3200 review: Hands-on
GMT 18:18 2013 Saturday ,24 August
Ford Fiesta
GMT 07:07 2017 Tuesday ,29 August
Japan PM, Trump agree to hike pressure on N. Korea
GMT 06:32 2017 Tuesday ,25 July
Industrial development, external trade ratings rise
GMT 09:58 2019 Monday ,19 August
You find yourself facing new professional
GMT 11:56 2018 Thursday ,06 December
Messi primed for Catalan derby after Ballon d'Or snub
GMT 05:16 2017 Tuesday ,14 March
Expo 2020 Dubai, Jafza to offer work training opportunities for Emirati youth
GMT 01:12 2014 Sunday ,20 April
Donnie Wahlberg helped design fiancée Jenny McCarthy\'s engagement ring
GMT 08:16 2017 Saturday ,29 July
Jordanian king, US president discuss Al Aqsa crisis
GMT 18:39 2013 Tuesday ,20 August
Marg Helgenberger to return to \'CSI\'
GMT 04:33 2017 Tuesday ,18 April
Fire breaks out at militants' hideout in Bangladesh
GMT 22:05 2017 Friday ,20 January
UAE female diplomat elected to lead UN body
GMT 06:28 2017 Thursday ,09 March
Dubai World Trade Centre awards construction contract to Al Futtaim Carillion
GMT 14:36 2013 Friday ,27 December
Ahly\'s coach hopes to find Abou-Treika\'s replacement
GMT 12:48 2015 Friday ,19 June
ECB raises emergency liquidity for Greek banks
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor