COKE - Coca-Cola's strong demand sets out Q3 earnings beat

Coca-Cola (COKE) is up 6.03% in post-market action after Q3 report, where revenue increased 4.5% Y/Y to $1.33B on robust growth in volumes.Physical case volume increased 3.9% including 10.3% growth in July as sales of multi-serve packages in larger retail stores remained strong and single-serve sales began to gradually improve. Sparkling category volume increased 3.6%, while Still beverages grew 4.5%. Gross margin improved 60 bps to 35.1%.Income from operations almost doubled to $103.8M from $53.8M a year ago."Our 2020 margins, profit and cash flow are all exceeding our initial expectations as we generate strong top-line growth, realize favorable input costs, and tightly manage our operating expenses," says Dave Katz, President and COO. Q3 Non-GAAP EPS of $7.19 beats by $3.76; GAAP EPS of $5.53. The company, however, reports net income in Q3 was adversely impacted by fair value adjustments to its acquisition related contingent consideration liability, driven by changes in future cash flow projections.Cash flows from operations was

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Coca-Cola's strong demand sets out Q3 earnings beat