Coca Cola (KO) Reports Earnings

The Coca Cola Company (KO) today reported second quarter 2013 earnings.

The company reported net revenues declined 3% in the second quarter and 2% year to date. Excluding the impact of structural changes, comparable currency neutral net revenues grew 2% in both the quarter and year to date.

Operating income declined 2% in the second quarter and 3% year to date. Excluding the impact of structural changes, comparable currency neutral operating income grew 4% in the quarter and 5% year to date.

Currency was a 2% headwind on comparable net revenues and a 3% headwind on comparable operating income in the quarter.

Second quarter reported EPS was $0.59, down 3% and comparable EPS was $0.63, up 4%, including an approximate 2% currency headwind. Year-to-date reported EPS was $0.98, down 7% and comparable EPS was $1.09, up 4% despite two fewer selling days in the first half of 2013 and an approximate 4% currency headwind.

The Coca Cola Company (KO).

The Coca Cola Company (KO) is up +10.98% year-to-date.

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