Coca-Cola posts double-digit growth in 1Q

26/4/2022 5:07:00 AM

Coca-Cola posts double-digit growth in 1Q - Bernama

Coca-Cola posts double-digit growth in 1Q - Bernama

NEW YORK (April 26): The Coca-Cola Company reported US$10.49 billion of net operating revenues in the quarter ending April 1, up 16% year-on-year and higher than the market expectation of US$9.83 billion, the company said on Monday.In particular, the net operating revenues from Latin America operations surged 34% year-on-year, followed by a 22% growth in North America and a 13% expansion in Europe, the Middle East and Africa, Coca-Cola said in its operating results.Though the gross margin of Coca-Cola

NEW YORK (April 26): The Coca-Cola Company reported US$10.49 billion of net operating revenues in the quarter ending April 1, up 16% year-on-year and higher than the market expectation of US$9.83 billion, the company said on Monday.In particular, the net operating revenues from Latin America operations surged 34% year-on-year, followed by a 22% growth in North America and a 13% expansion in Europe, the Middle East and Africa, Coca-Cola said in its operating results.

Though the gross margin of Coca-Cola in 1Q this year declined to 61.01% from 61.14% in the same period of 2021, its operating margin rose to 32.45% from 30.18% in the same period of 2021, reportedXinhua.Coca-Cola reported US$2.79 billion of net income in 1Q this year, increasing 24% year-on-year. The company reported US$0.64 of earnings per share in 1Q this year, higher than the US$0.52 in the same period of 2021, and the market estimate of US$0.58.

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A NEW YORK (April 26): The Coca-Cola Company reported US$10.A BENGALURU (April 25): Coca-Cola Co beat quarterly revenue and profit expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theatres and restaurants.A BENGALURU (April 25): Coca-Cola Co beat quarterly revenue and profit expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theatres and restaurants.A KUALA LUMPUR (April 25): Bank Rakyat has announced a higher dividend of 15% for its account holders for the financial year ended Dec 31, 2021 (FY21), compared with 13% for FY20.

49 billion of net operating revenues in the quarter ending April 1, up 16% year-on-year and higher than the market expectation of US$9.83 billion, the company said on Monday. Analysts and companies have warned that demand could slow as the Ukraine war and Indonesia's ban on palm oil exports result in higher global food prices. In particular, the net operating revenues from Latin America operations surged 34% year-on-year, followed by a 22% growth in North America and a 13% expansion in Europe, the Middle East and Africa, Coca-Cola said in its operating results. The company said suspension of its operations in Russia would impact its annual profit by four cents per share and annual net revenue by about 1% to 2%. Though the gross margin of Coca-Cola in 1Q this year declined to 61. However, it left its forecast for annual comparable earnings per share growth unchanged at 5% to 6%.01% from 61. Noh said Bank Rakyat is always concerned about the needs of its members, of which 30% are made up of individual recipients from the bottom 40% household income group (B40), while 20% are cooperative recipients from the B40 group.

14% in the same period of 2021, its operating margin rose to 32.5 billion in the first quarter.5 billion in the first quarter.45% from 30.18% in the same period of 2021, reported Xinhua.83 billion, according to Refinitiv data. Coca-Cola reported US$2. Net income attributable to Coca-Cola shareholders rose 24% to US$2.79 billion of net income in 1Q this year, increasing 24% year-on-year.78 billion, or 64 cents per share, in the three months ended April 1. Meanwhile, Bank Rakyat chairman Datuk Abd Rani Lebai Jaafar said the cooperative bank is on track, following an encouraging 2021 financial performance, driven by the group's financing and investment activities, as well as lower funding costs attributable to the low overnight policy rate.

The company reported US$0.64 of earnings per share in 1Q this year, higher than the US$0. Subscribe to Mid-day email alert We deliver news to your inbox daily. Subscribe to Mid-day email alert We deliver news to your inbox daily.52 in the same period of 2021, and the market estimate of US$0.58. Moreover, Coca-Cola said the suspension of its Russian operations is estimated to dent net revenues and operating income by 1% to 2% in 2022.41 billion previously, helped by lower funding costs as a result of effective asset liability management, and Current Accounts-i and Savings Accounts-i (CASA) which were higher at RM9.

"We are keeping a close watch on the spillover effects of the conflict in Ukraine on the health of the consumer, and we remain ready to pivot and adapt," said James Quincey, chief executive officer of Coca-Cola on the earnings call on Monday. Coca-Cola kept its annual outlook of comparable net revenues, cash flow and comparable earnings per share unchanged despite headwinds from commodity price inflation and stronger US dollar. Subscribe to Mid-day email alert We deliver news to your inbox daily .