Investing
Coke (KO) Comes Through, With China Out In Front
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If only the stock market was made up of companies like Coke (KO), McDonald’s (MCD), P&G (PG), and Wal-Mart (WMT). But, it isn’t. They are among the few firms which can still claim to be “recession proof”. Coke showed again today that it belong in that class.
In the last quarter, of 2008 the soft drink company had EPS of $.43. Comparable EPS up 10% to $0.64.
Unit case volume grew 4% in the fourth quarter,
Sales in North America were weak but the rest of the world performed well, especially China where unit sales for the last quarter of the year were up 29%.
Who says there is a recession in China?
Douglas A. McIntyre
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