Review of Coke’s (KO) 4Q and 10-K
A look at more unsustainable benefits to earnings and cash flow growth
Last week we discussed how The Coca-Cola Company (KO) may be about to lose a key growth tailwind as the relationship between foreign exchange rates and the company’s pricing in its international segments returns to a more normal level. If you haven’t done so, we recommend you review Coca-Cola (KO)- The FX Reversal is Looming for a thorough discussion of this matter.
Below, we will examine the results of our review of KO’s fourth quarter and 10-K. We identified what we consider unsustainable benefits to both earnings and cash flow trends which we believe investors should be aware of.
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