(RTTNews) - Coca-Cola Company (KO) announced earnings for its first quarter that Increases, from last year
The company's bottom line totaled $3.924 billion, or $0.91 per share. This compares with $3.330 billion, or $0.77 per share, last year.
Excluding items, Coca-Cola Company reported adjusted earnings of $3.703 billion or $0.86 per share for the period.
The company's revenue for the period rose 12.1% to $12.472 billion from $11.129 billion last year.
Coca-Cola Company earnings at a glance (GAAP) :
-Earnings: $3.924 Bln. vs. $3.330 Bln. last year. -EPS: $0.91 vs. $0.77 last year. -Revenue: $12.472 Bln vs. $11.129 Bln last year.
Net revenues grew 12% to $12.5 billion, driven by an 8% increase in concentrate sales and 2% growth in price/mix.
Concentrate sales were 5 points ahead of unit case volume, primarily due to six additional days in the quarter, partially offset by the timing of concentrate shipments.
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