Coca-Cola Q4 earnings, gains worldwide market share

By Peggy Kataveli, CMA, B2P
Published on Tuesday February 9, 2010 at 12:57 pm ET
Updated 06-29-10, 4:32 pm ET

The world’s top soft-drink-maker posted strong profits as North American consumption declined

coca-cola-logoThe top soft-drink-maker based in Atlanta, Coca-Cola Company, reported Q4 2009 earnings in line with Wall Street expectations.

Total operating revenue for the period was $7.51-billion, up five-percent over the same period last year. The company recorded a $1.54-billion total profit ($0.66 per share) in Q4; materially up from $995-million ($0.43 per share) from the same period last year.

 The increase in revenue is a result of increasing market share in emerging markets. The company said the only market segment to experience a decline in market share for the company was the North American market space, declining by 1-percent from the same period last year. Coca-Cola said the Pacific market space had the most growth of 11-percent, with Latin American market having the second highest gain in market share of 7-percent up from the same period last year.

Coca-Cola said it had gained market share in both the carbonated and non-carbonated segments over all competitors, including rival PepsiCo.

For fiscal 2009, the company earned $31-billion in total revenue, earning a total profit of $6.82-billion ($2.93 per share), up significantly from a $5.81-billion ($2.49 per share) profit from fiscal 2008.

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Peggy holds a Bachelor Arts degree with honors in Economics from York University in Toronto, Canada. She is a Certified Management Accountant (CMA). She has also passed Level I of the Chartered Financial Analyst (CFA) Program. She is also a realtor. Write to [email protected]
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