Coca-Cola share price up 2% on Q1 earnings revenue beat

The soft drink company reported an uptick in sales to boost its Q1 earnings report.

Coca-Cola share price is up 2% after a better-than-expected Q1 earnings report. Coca-Cola’s Q1 profits topped Wall Street estimates and recovered from weak Q4 2018 results.

Coca-Cola earnings: key figures

Earnings per share $0.48
Revenue $8.02 billion
Net income $1.68 billion

Coca-Cola share price up 2% as Q1 earnings revenue beats estimates

Coca-Cola’s Q1 earnings per share were $0.48, beating financial experts’ expectations of $0.46. Coca-Cola’s Q1 revenue was $8.02 billion, topping projections of $7.88 billion. The company’s net income also grew to $1.68 billion from $1.33 billion in 2018.

International sales also helped improved Coca-Cola’s Q1 revenue. Ironically, the Brexit drama has been good for Coca-Cola’s Q1 profits. The uncertainty over Brexit led to a surge in sales because of customers stockpiling the beverage before the UK leaves the European Union (EU). North American sales grew by 1%, while increasing by 5% in Europe, Africa, and the Middle East.

Chief executive officer,(CEO), James Quincey, said in a statement that he was pleased with Coca-Cola’s Q1 results.

‘We’re encouraged by our first quarter results as our disciplined growth strategies continue to deliver strong underlying performance,’ said Quincey in a statement.

How did Coca-Cola Q1 results compare to other beverage brands?

Coca-Cola’s Q1 results were good compared to Pepsi’s Q1 earnings. The rival soft drink company’s revenue beat expectations and had record earnings on the strength of international purchases.

What’s next for Coca-Cola’s full-year outlook?

Coca-Cola’s earnings are expected to increase by 1% and revenue to grow by 4%. Coca’s Cola’s profits may improve later in 2019 after the purchase of Costa coffee is finalised later in 2019. Quincey touted Coca-Cola’s full-year outlook.

‘We remain confident in our full-year guidance as we continue to make progress on our transformation as a consumer-centric total beverage company,’ said Quincey.

Coca-Cola Q1 profits show growth through adjustment to trends

Coca-Cola’s Q1 profits grew as the beverage company changed its brand to adjust to customers’ changing tastes. The company had a double-digit growth in sales with its Coke Zero Sugar to match customers’ interests in healthier soft drinks. Coca-Cola’s water and sports drink brands also had sales increase by 6%.

‘Constant innovation is crucial for sustained growth,’ said Quincey.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sell
Buy
Updated
Change

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Sell
Buy
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.