Coca-Cola Q4 and FY net revenues decline 5% and 11%, respectively

Feb. 11, 2021

Coca-Cola Co. this week reported fourth-quarter and full-year 2020 results, including sequential improvement in volume trend. The beverage giant noted that the pandemic is still hurting its sales, but cost-cutting measures helped the company beat analysts’ earnings estimates.

Here are some highlights from Coke’s 2020 fourth quarter and full year:

  • Net revenues declined 5% for the quarter and 11% for the full year; organic revenues (non-GAAP) declined 3% for the quarter and 9% for the full year.
  • Operating income grew 8% for the quarter and declined 11% for the full year; comparable currency neutral operating income (non-GAAP) grew 14% for the quarter and was even for the full year.
  • Fourth-quarter EPS declined 29% to $0.34, and comparable EPS (non-GAAP) grew 6% to $0.47; full-year EPS declined 13% to $1.79, and comparable EPS (non-GAAP) declined 8% to $1.95.
  • Cash from operations was $9.8 billion for the full year, down 6%; full-year free cash flow (non-GAAP) was $8.7 billion, up 3%.

"In 2020, employees from across The Coca-Cola Company and its bottling system worked tirelessly to learn and adapt amidst a global crisis," said chairman and chief executive James Quincey. "The progress we made in 2020, including the actions taken to accelerate the transformation of our company, gives us confidence in returning to growth in the year ahead. While near-term uncertainty remains, we are well-positioned to emerge stronger from the crisis, driven by our purpose and our beverages for life ambition."

Click here to see Coca-Cola’s full announcement and operating review tables.


Coca-Cola Co.
Coca Cola+co Logo Cropped

Coca-Cola Co. Names former Judge Counselor and Special Advisor

Jan. 7, 2021
Coca-Cola Co. has hired a former federal judge with strong connections to government to advise the beverage giant on its tax fight with the IRS, which says it owes most of a $...
Desktop Hero F2

Coca-Cola Freestyle Unveils Contactless Experience Powered by AWS

Nov. 6, 2020
In an Amazon blog, Coca-Cola has announced that its Coca-Cola Freestyle product now offers a contactless experience through a "pour by phone" option, powered by Amazon Web Services...

Photo 25328769 © Tezzstock |
Dreamstime L 25328769
Photo 59217806 © Jakub Jirsak |
Dreamstime Xxl 59217806
Photo 88890253 | Acquisition © Encho Enevski |
Dreamstime Xxl 88890253 (1)
Photo 171785838 © Mark Gomez |
Dreamstime Xxl 171785838