The Strategist

Coca-Cola's net profit drops 13% in 2020

02/10/2021 - 14:49

The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders fall 13% year-on-year to $7.747 billion in 2019, the company said.

Diluted earnings per share were $1.79 compared with $2.07 a year earlier. Coca-Cola's revenues were down 11% year-on-year to $33.014 billion.

Coca-Cola posted fourth-quarter net income of $1.456 billion, down 29% from a year ago. On a per-share basis, diluted earnings were $0.34, down from $0.47 a year earlier. Revenue fell 5% year on year to $8.611 billion. The quarterly revenue figure was fully in line with analysts' expectations.

Coca-Cola expects organic revenue growth of about 7-9% for the current year.

The Coca-Cola Company was founded in 1892 and is headquartered in Atlanta, Georgia. The company's most famous brands are Coca-Cola, Fanta and Sprite.


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