Coca-Cola reported first quarter earnings and sales Monday that easily topped forecasts: Sales surged 16% to $10.5 billion, beating Wall Street's expectations of $9.8 billion. Profits of $2.8 billion, or 64 cents a share, rose 24% from a year ago — surpassing consensus estimates of 58 cents a share. Price hikes were a major driver of the solid numbers. Coca-Cola said its price/mix, a measure of how much it charges customers, was up 7% globally and 11% in North America.
This is how Coca-Cola comes up with new flavors 02:45Pressure on commodity prices and wages will continue, Murphy said. But he added the company has the flexibility to raise prices, especially as it introduces more premium products.Coca-Cola recognizes, though, that some consumers are feeling the pinch from higher prices more than others.
If you care a bit about your health don't drink that poison ☠
Would have thought booze and cigarettes would have been more of a go to for comfort during stressful times. Guessing sugary sodas are much easier to get for a greater number of people. Betting carbs in general (even with the food chain disruptions) will be much more popular.🍰
Water is cheaper comfort. And that's not including the cost of insulin.
I TINK I KNOW THE BOTTEL .. BUT THAN THE SMINOF VERSION
Not I see ya
CNN and Coca-Cola both WOKE. I'll stick with Pepsi.
👏 👏 💯 👌 👍
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Source: CNBC - 🏆 12. / 72 Read more »