CLAIM #35291 · The Coca-Cola Company (KO) · 2021Q4 earnings call · Feb 10, 2022 · due Dec 31, 2022
“It’s not going to be back to 2019 fully in 2022.”
James Quincey · CEO
In context
“idence that your trends are decoupling from COVID cases and the away-from-home business? And if you can comment on the benefit from your recent reorganization in terms of better market share and better topline growth performance. Thank you. James Quincey: Well, clearly, we’ve been gaining market share. And my favorite metric is market share versus 2019, both in the away-from-home and at-home channels we’ve gained overall. We’ve gained in the away-from-home and we’ve gained in the at-home. And we are -- in terms of consumer business, we are assuming a greater degree of reopening. We can certainly begin to see that in Europe as the Omicron variant has moved through. The U.S., just this week, mask mandates are coming down. So, there is going to be an improvement in mobility across the world. It’s not going to be back to 2019 fully in 2022. And I think that’s going to be true, both in terms of domestic mobility and international mobility, I don’t know if you meant per country or people moving around the world. But anyway, the answer is basically the same, which is we are assuming an improvement in mobility, but we’re not assuming a return yet to the full 2019 levels. Operator: Your next question comes from Bryan Spillane from Bank of America. Bryan Spillane: John, I had a question just about the guidance. And if we look at the currency neutral spread between earnings growth and organic sales growth, can you just give us a little bit more color in terms of where the leverage in the income statement will be? Because the tax rates moving up, interest expense, net interest expense, I guess, will be higher because of the BODYARMO”
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SEC filings for KO ↗ · Claim quote is verbatim from the 2021Q4 earnings call.