Coca-Cola Earnings Show Bubbly Growth Abroad
Iconic beverage king Coca-Cola reported earnings this morning, and shares are basically trading flat so far. Coca-Cola had a slight beat on earnings, although revenue was down 3%.
Net income grew to $2.45 billion, a 6% increase year over year. Coca-Cola reported earnings per share of $0.53. North America saw 2% sales growth, primarily driven by Coca-Cola's non-fizzy beverages like Honest Tea and Fuze, which were up by double digits. Coca-Cola saw better sales jumps abroad -- which accounts for 60% of its total revenue -- with the strongest growth coming in the Pacific region. However, growth lagged 1% in Europe, and Latin America stayed flat.
Motley Fool analyst Matt Argersinger notes that while Coca-Cola didn't exactly wow investors, it's not that kind of investment. The company is a Dow stalwart, and pays a 3% dividend. It even qualifies as a Dividend Aristocrat twice over, having increased dividends annually for 50 years. Matt thinks this is the kind of reliable stock you can slot in your portfolio with ease.
The article Coca-Cola Earnings Show Bubbly Growth Abroad originally appeared on Fool.com.Erin Kennedy has no position in any stocks mentioned. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool recommends Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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