NEW YORK, September 17, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on The Coca-Cola Company (NYSE: KO). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=KO

Highlights from our KO Report include:

• Second Quarter Results - On July 22, 2015, the Coca-Cola Company announced its financial results for the second quarter and first half of 2015 (period ended July 3, 2015). The Company reported net operating revenues of $12.2 billion for the second quarter vis-à-vis $12.6 billion reported in Q2 FY14, exhibiting a decline of 3.3% on a y-o-y basis. Net income attributable to the shareholders of Coca-Cola during the quarter was $3.1 billion as compared to $2.6 billion in the prior year period, thereby clocking a growth of 20% on a y-o-y basis. The basic EPS for Q2 FY15 was 71 cents while for the second quarter 2014 the Company had reported a basic EPS of 59 cents.

• Half-year Results - For the six month period, the Company reported net operating revenues of $22.9 billion vis-à-vis H1 FY14 reported revenues of $23.2 billion, which indicated a decline of 1.2% on a y-o-y basis. H1 FY 15 net income attributable to the shareholders came in at $4.7 billion as compared to prior year period's net income of $4.2 billion, growing by 10.7% on a y-o-y basis. Coca-Cola's basic EPS was $1.07 for H1 FY15 versus $0.96 reported in H1 FY14.

• Operational Highlights - The Company experienced volume growth in the global sparkling beverage segment with brand Coca-Cola Zero growing 6%, Sprite growing 3%, Fanta by 2% and Coca-Cola by 1%. Diet Coke however saw a decline by 7% in its volume. The global still beverage volume growth during Q2 reflected a double-digit growth in value-added diary, 8% growth in packaged water and 7% growth in ready-to-drink tea.

• Outlook - The Company expects that the net impact of structural items on full-year 2015 results will be a 1 point headwind on both net revenues and income before taxes. Fluctuations in foreign currency exchange rates are expected to have an unfavorable impact on Coca-Cola's reported results in 2015. The Company estimates that currency will be an approximate 6 point headwind on net revenues, an 11 point headwind on operating income, and a 7 to 8 point headwind on income before taxes for the full year. Meanwhile, for Q3 FY 15 it expects an approximate 7 point headwind on net revenues, a 13 point headwind on operating income and a 10 point headwind on income before taxes. The Company is also targeting full-year 2015 net share repurchases of $2.0 to $2.5 billion.

To find out how this influences our rating on The Coca-Cola Company read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=KO

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