Coke is It!

Coca-Cola 2011 Second Quarter Earnings for 2011 – Delicious and Refreshing!

It is impossible to mention a Coke earnings report without bringing up the company’s behemoth track record of past earnings or the fact that they have created polar bears with more paw dexterity than Daniel Day Lewis’s left foot.

Here’s the track, Coke is it!

EPS Coke
2001	$ 1.60
2002	$ 1.23
2003	$ 1.77
2004	$ 2.00
2005	$ 2.04
2006	$ 2.16
2007	$ 2.57
2008	$ 2.49
2009	$ 2.93
2010	$ 5.06

Table 1-1

Source: fool.com

Second quarter reported EPS was $1.20, up 18%, with comparable EPS at $1.17, up 10% and ahead of our long-term growth target. Year-to-date reported EPS was $2.02, up 18%, with comparable EPS also at $2.02, up 9%.[i]

First = .82

· Second quarter reported net revenue and comparable net revenue were both $12.7 billion, up 47%, reflecting solid growth in concentrate sales, a 6% currency benefit, positive price/mix and the acquisition of Coca-Cola Enterprises' (CCE) North American operations in the fourth quarter of 2010. Year-to-date reported net revenue and comparable net revenue were both $23.3 billion, up 44%.[ii]

· Second quarter reported operating income was $3.2 billion, up 15%, with comparable operating income of $3.4 billion, up 18%, reflecting strong top-line performance, a 6% currency benefit and the acquisition of CCE's North American operations, partially offset by increased commodity costs. Year-to-date reported operating income was $5.5 billion, up 10%, with comparable operating income of $5.9 billion, up 14%, including a 4% benefit from currency.[iii]

ATLANTA, July 19, 2011 - The Coca-Cola Company reports strong second quarter and year-to-date 2011 operating results, meeting or exceeding our long-term growth targets and gaining volume and value share in total NARTD beverages. Reported worldwide volume grew 6% in both the quarter and year-to-date. Excluding new cross-licensed brands in North America, primarily Dr Pepper brands, worldwide volume grew 5% in the quarter and year-to-date. We achieved broad-based volume growth in the quarter across each of our five geographic operating groups, with growth of 7% in Eurasia and Africa, 7% in Pacific, 6% in Latin America, 5% in Europe, and 4% in North America. Excluding new cross-licensed brands, North America volume was even in the quarter and grew 1% year-to-date.[iv]

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[i] http://www.thecoca-colacompany.com/dynamic/press_center/2011/07/2011-second-quarter-financial-results.

[ii] http://www.thecoca-colacompany.com/dynamic/press_center/2011/07/2011-second-quarter-financial-results.

[iii] http://www.thecoca-colacompany.com/dynamic/press_center/2011/07/2011-second-quarter-financial-results.

[iv] http://www.thecoca-colacompany.com/dynamic/press_center/2011/07/2011-second-quarter-financial-results.