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The Coca-Cola Company Reports Flat Earnings in Q3
Thursday, October 22, 2009 9:53 AM


(Source: Datamonitor)trackingThe Coca-Cola Company has reported net income attributable to shareowners of the company of $1.89 billion, or $0.81 per diluted share, for the third quarter ended October 2, 2009, compared to $1.89 billion, or $0.81 per diluted share, for the third quarter ended September 26, 2008.

For the third quarter of 2009, net operating revenues were $8.04 billion, a 4% decrease, compared to $8.39 billion for the same period of 2008.

For the first nine months of 2009, net income attributable to shareowners of the company was $5.28 billion, or $2.27 per diluted share, a 10% increase, compared to $4.81 billion, or $2.06 per diluted share, for the corresponding period of 2008.

Net operating revenues for the first nine months of 2009 were $23.48 billion, a 5% decrease, compared to $24.82 billion for the same period of 2008.

Muhtar Kent, chairman and CEO of The Coca-Cola Company, said: "I am pleased to report that we have again delivered solid results this quarter. We continue to grow our currency neutral revenues, gain global nonalcoholic ready-to-drink volume and value share, expand our margins and invest in our business, all while generating tremendous cash flow.

"The fundamentals of our business remain strong and our franchise system is delivering results that keep us on track to achieve our long-term growth expectations. Although we expect the consumer to continue facing economic uncertainties into 2010 and for consumer sentiment to recover slowly, we believe more than ever that we have the right strategies being executed, the right leadership team in place and have taken the right actions this year to drive continued growth and to make the most of the abundant opportunities before us."

A service of YellowBrix, Inc.



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