Coca-cola reports q2 non-gaap earnings per share $0.42

Coca-cola reports second quarter 2020 results; provides update on strategic actions in rapidly evolving business climate.q2 non-gaap earnings per share $0.42.q2 earnings per share $0.41.q2 earnings per share estimate $0.43 -- refinitiv ibes data.q2 revenue $7.2 billion versus refinitiv ibes estimate of $7.57 billion.qtrly global unit case volume declined 16%.qtrly organic revenues (non-gaap) declined 26%.believes q2 will be most severely impacted quarter of year.coca-cola - improvement in away-from-home trends during quarter closely correlated with easing of lockdowns, expects correlation to continue in h2 2020.for fy 2020, for comparable net revenues (non-gaap), expects 3% to 4% currency headwind.given ongoing uncertainty surrounding coronavirus pandemic and levels of lockdown, ultimate impact on fy 2020 results is unknown.confident in its liquidity position as it continues to navigate through crisis.for fy 2020, for comparable operating income (non-gaap), expects high single-digit currency headwind.comparable net revenues (non-gaap) for q3 expected to include a 3% to 4% currency headwind.qtrly unit case volume declined 16%.comparable operating income (non-gaap) for q3 expected to include 7% to 8% currency headwind.will streamline innovation pipeline against initiatives that are scalable regionally or globally.sees q3 comparable net revenues (non-gaap) to include a 3% to 4% currency headwind.will maintain a disciplined approach to local experimentation.
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