Coca-Cola Co. said first-quarter earnings from operations...
From Times Wire Services
Coca-Cola Co. said first-quarter earnings from operations rose 21%, fueled by better than expected sales, lower operating costs and a big contribution from its bottlers.
The world’s largest beverage concern said it earned a record $454 million, or 35 cents a share, compared to earnings from operations of $386 million, or 29 cents a share, in the year-earlier period.
An accounting charge reduced earnings last year to $167 million, or 13 cents a share.
Revenue rose 10% to $3.06 billion from $2.78 billion. Case volume rose 5%, exceeding the company’s estimate of 4%.
