Strong Price/Mix and Solid Performance in Developed Markets Flagship North America Market Continues to Outperform the Industry
Net Revenues Declined 6% for the Quarter and 5% for the Full Year, which Included a Combined Unfavorable Impact from Foreign Currency and Structural Changes of 12% and 9%, Respectively
Organic Revenues (Non-GAAP) Grew 6% for the Quarter and 3% for the Full Year
Price/Mix Grew 6% for the Quarter and 3% for the Full Year
Operating Margin Expanded More than 90 Basis Points for the Full Year and Comparable Currency Neutral Operating Margin (Non-GAAP) Expanded Nearly 140 Basis Points
Fourth Quarter EPS of $0.13 and Comparable EPS (Non-GAAP) of $0.37
Company Provides 2017 Financial Outlook
ATLANTA, Feb. 9, 2017 – The Coca-Cola Company today reported fourth quarter and full year 2016 operating results. Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company, said, "We are pleased to report that we ended 2016 with fourth quarter top- and bottom-line growth within our expectations. Strong price/mix stemming from our continued focus on driving revenue and solid performance in our developed markets helped offset persistent macroeconomic pressures in our emerging and developing markets. Our flagship market of North America grew net revenues 8% for the quarter and 4% for the year, outperforming total retail value growth for both the North America nonalcoholic ready-to-drink beverage industry and U.S. consumer packaged goods companies."