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The Coca-Cola Company (NYSE:KO) reported its results for the fourth quarter. Net income for the soft drink company fell to $1.65 billion (72 cents per share) vs. $5.77 billion ($2.46 per share) a year earlier. This is a decline of 71.3% from the year earlier quarter. Revenue rose 5.2% to $11.04 billion from the year earlier quarter. The Coca-Cola Company reported adjusted net income of 79 cents per share. By that measure, the company beat the mean estimate of 77 cents per share. Analysts were expecting revenue of $10.99 billion.
Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company, said, “Today, I am pleased to share that The Coca-Cola Company continues its momentum toward realizing our 2020 Vision, with stronger brands, clear strategies and well-focused execution to drive further growth. We once again achieved financial results for both the year and the quarter in line with, or ahead of, our long-term targets, with quarterly volume and revenue growth in every one of our five geographic operating groups. Importantly, we also continued to increase our global volume and value share in 2011.”
Competitors to Watch: PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF), Coca-Cola Enterprises Inc. (NYSE:CCE), Heckmann Corporation (NYSE:HEK), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Cott Corporation (NYSE:COT).
Church & Dwight Co Inc. (NYSE:CHD) reported its results for the fourth quarter. Net income for the cleaning products company rose to $63.8 million (44 cents per share) vs. $47 million (32 cents per share) in the same quarter a year earlier. This marks a rise of 35.8% from the year earlier quarter. Revenue rose 11.3% to $731.1 million from the year earlier quarter. Church & Dwight Co Inc. reported adjusted net income of 53 cents per share. By that measure, the company beat the mean estimate of 51 cents per share. It beat the average revenue estimate of $694.3 million.
James R. Craigie, Chairman and Chief Executive Officer, commented, “We are proud of the business results we accomplished in 2011. Despite weak consumer demand and intense price competition, we delivered 4% organic sales growth and 12% adjusted EPS growth. In addition, we exited the year with momentum and saw an improvement in organic growth each quarter this year.”
Competitors to Watch: The Procter & Gamble Co. (NYSE:PG), The Clorox Company (NYSE:CLX), Colgate-Palmolive Company (NYSE:CL), Zep, Inc. (NYSE:ZEP), Reckitt Benckiser Group Plc (RB), Pacific Sands, Inc. (PFSD), Spongetech Delivery Systems, Inc. (SPNGQ), PC Group, Inc. (PCGR), and The Stephan Co. (SPCO).
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