By Jim Woods of InvestorPlaceNEW YORK ( TheStreet) -- Coca-Cola (KO - Get Report) is one of the world's most best-known companies and brands.
- Coke earnings are strong. On April 20, Coca-Cola reported first-quarter earnings that were 19% higher than the same quarter one year ago. The company said it earned $1.61 billion, or 69 cents per share, up from earnings of $1.35 billion, or 58 cents a share, a year ago. Excluding one-time items such as restructuring charges and the impact of the Venezuela currency devaluation, earnings would have been 80 cents per share. The adjusted EPS number did fall short of the 75 cents anticipated by analysts. Coke's first-quarter sales rose 5% to $7.53 billion, and though this number was slightly below expectations, it's still very strong.
- Coca-Cola sees rising unit case volume. Worldwide unit case volume for Coca-Cola, a measure of the number of unit cases (or unit case equivalents) of trademarked or licensed beverage products directly or indirectly sold, rose 3% in the quarter. International case volume grew at a 5% pace. In the previous quarter, unit case volume worldwide climbed 5%, and once again we saw strong gains in the international markets. This measure is similar to the retail same-store sales measure, and solid growth in this metric means continued upside for Coca-Cola stock.
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