Coca-Cola 1Q Revenues Rise
Revenues at Coca-Cola were up over 39% year over year to $10.52 billion against Thomson Reuters estimates of $10.57 billion. All in all, case volumes were up 6%. The huge gain in revenues is due in part to the numbers now including its bottling roll-ups.
One issue the company has brought up is hedging activities on exposure to commodity prices at the new CCE operating units. The hedging would have added $0.01 to EPS, while the company said that the impact of Japan probably took off $0.01 from the reported EPS figures.
From the April 26, 2011, Prepared Foods' Daily News.