Coca-Cola reported a 5% decline in net revenues for Q4 2020, with organic revenues down by 3%. EPS decreased by 29% to $0.34, while comparable EPS grew by 6% to $0.47. The company saw improvement in volume trends compared to prior quarters and made progress on its strategic transformation.
Net revenues declined by 5%, and organic revenues decreased by 3%.
EPS declined by 29% to $0.34, while comparable EPS grew by 6% to $0.47.
Operating income grew by 8%, and comparable currency neutral operating income grew by 14%.
The company's value share in total nonalcoholic ready-to-drink (NARTD) beverages was even.
The company expects to deliver organic revenue (non-GAAP) percentage growth of high single digits. For comparable net revenues (non-GAAP), the company expects a 2% to 3% currency tailwind based on the current rates and including the impact of hedged positions.
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