The Coca-Cola Co. reported that global volume grew 2 percent for the full year and 1 percent for the fourth quarter 2013. It reported net revenues declined 2 percent for the full year and 4 percent for the fourth quarter. Excluding the impact of structural changes, comparable currency neutral net revenues grew 3 percent for the full year and 4 percent for the fourth quarter.
The company reported operating income declined 5 percent for the full year and 4 percent for the fourth quarter. Excluding the impact of structural changes, comparable currency neutral operating income grew 6 percent for the full year, in line with our long-term growth target, and 6 percent for the fourth quarter. Currency was a 2 percent headwind on comparable net revenues and a 4 percent headwind on comparable operating income for the full year.
Full-year reported earnings per share (EPS) were $1.90, down 3 percent, and comparable EPS was $2.08, up 3 percent. Comparable currency neutral EPS was up 8 percent for the full year. Fourth quarter reported EPS was $0.38, down 7 percent, and comparable EPS was $0.46, up 2 percent. Comparable currency neutral EPS was up 7 percent for the fourth quarter.
The company reported it’s expanding its previously announced productivity and reinvestment program to generate an incremental $1 billion in productivity by 2016 to drive increased media investments in its brands. As announced on Feb. 5, 2014, it signed an agreement together with Green Mountain Coffee Roasters to collaborate on the development and introduction of its global brand portfolio for use in the forthcoming Keurig Cold™ at-home beverage system. Full report.
