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4/23, 1:02 PM (Source: TeleTrader)
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Coca-Cola's Q1 revenue rises 5% to $8.02B

American multinational corporation, the Coca-Cola company announced on Tuesday its revenue in the first quarter of 2019 stood at $8.02 billion, marking a 5% rise year-on-year and above market estimates. Organic revenues increased by 6%, including a 2 point growth attributable to timing, "primarily related to bottler inventory build in order to manage uncertainty related to Brexit." The company earned $0.38 per share from continuing operations in the same quarter, while comparable EPS grew 2% to $0.48.

Operating margin came in at 29.1% compared to last year's 23.7%, while cash flow from operations rose went up 14% to $699 million.

"We're encouraged by our first quarter results as our disciplined growth strategies continue to deliver strong underlying performance,"James Quincey, CEO of The Coca-Cola Company. said. "We remain confident in our full year guidance as we continue to make progress on our transformation as a consumer-centric total beverage company."

Breaking the News / FH