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 11:24 2018 Friday ,14 December
Turkey will enter Syria’s Manbij if US doesn’t remove YPG fighters
GMT 16:25 2018 Monday ,10 September
Philippines on alert for incoming typhoon
GMT 16:34 2016 Wednesday ,01 June
Outrage as Philippines’ president-elect defends murder of some journalists
GMT 03:47 2014 Saturday ,18 October
Sonatrach subsidiary Hyproc SC, Hyundai Heavy Industries ink deal
GMT 13:15 2017 Friday ,18 August
UN Secretary General appoints Horst Köhler
GMT 00:39 2017 Saturday ,18 February
Instill tolerance and spirituality in your children: Shaikha Lubna
GMT 13:10 2017 Wednesday ,22 March
Kuwait's Arab reconciliatory role highlightedGMT 10:09 2011 Friday ,10 June
Pakistan bus crash kills 12 children
GMT 07:13 2017 Monday ,23 October
Maryam reveals development of tourism
GMT 00:47 2014 Thursday ,24 July
13 killed as Pakistani jets pound hideouts north Waziristan
GMT 19:27 2017 Tuesday ,11 April
Roundup: Kenya, Qatar ink 3 deals to boost bilateral tiesGMT 09:53 2012 Monday ,25 June
Morsi victory celebrated from Yemen to Gaza
GMT 18:27 2016 Saturday ,23 July
Shurooq highlights importance of Economic Development in achieving austainability
GMT 14:23 2018 Friday ,14 December
China to suspend US car tariffs in sign of easing trade tension
GMT 17:51 2018 Wednesday ,05 December
Bahrain weather forecast a generally fine and variably cloudy weather
GMT 13:18 2018 Friday ,26 October
Flash floods kill 6 in southern Russia six people died and one missing
GMT 16:31 2018 Friday ,19 October
UNHCR delegation discuss Syrian refugees return
GMT 10:08 2015 Tuesday ,03 March
Delhi rapist blames victim for being out at night
GMT 12:54 2017 Saturday ,26 August
Trump declares disaster for Texas
GMT 10:46 2017 Thursday ,27 April
Medina tourism implements activities in Hejaz Railway Station
GMT 21:27 2016 Monday ,19 September
Modernity Meets Traditional Architecture
GMT 19:10 2011 Tuesday ,10 May
EasyJet losses widen on soaring fuel costs
GMT 16:41 2014 Sunday ,31 August
3 Pakistanis killed in police-protesters clashes in Islamabad
GMT 19:10 2016 Thursday ,21 July
At Least 5 Afghan Soldiers, 64 Militants Killed in Afghan Military Operations
GMT 05:30 2017 Monday ,17 April
Aramco’s refinery plans set to sweeten IPO
GMT 11:50 2011 Saturday ,20 August
Arsene Wenger in UEFA rage
GMT 07:13 2017 Wednesday ,08 March
Iraqi forces liberate more districts from ISIS militantsGMT 12:28 2013 Wednesday ,01 May
Ola Ghanem to Arabstoday: Audiences want to see my choices
GMT 11:55 2017 Thursday ,02 February
Egypt’s minister: They focus on financial steadiness
GMT 12:51 2017 Sunday ,29 January
West Lake receives over 500,000 tourists on Spring FestivalGMT 09:26 2013 Thursday ,23 May
Blast in south Pakistan kills 12, wounds 21
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor