Coca-cola says q1 non-gaap eps of $0.51

Coca-cola reports first quarter 2020 results; provides update on business environment amid coronavirus pandemic.q1 non-gaap earnings per share $0.51.q1 earnings per share $0.64.q1 earnings per share estimate $0.44 -- refinitiv ibes data.q1 revenue $8.6 billion versus refinitiv ibes estimate of $8.28 billion.qtrly organic revenues (non-gaap) were even.coronavirus impact to q2 will be material.believes pressure on business is temporary and remains optimistic on seeing sequential improvement in back half of 2020.qtrly unit case volume down 1%.expects net effect of consumer purchase patterns to have a significant impact on q2 results.co saw significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels.for comparable net revenues (non-gaap), expects a mid single-digit currency headwind in fy.in at-home channels, company witnessed early pantry loading in certain markets.for comparable operating income (non-gaap), expects a high single-digit currency headwind in fy.coca-cola - in at-home channels, after witnessing early pantry loading, saw more normalized demand levels, along with a sharp increase in e-commerce.believe we're well positioned to manage through covid-19 pandemic.q2 comparable net revenues (non-gaap) are expected to include a 4% to 5% currency headwind.q2 comparable operating income (non-gaap) is expected to include a 5% to 6% currency headwind.
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