Coke has been raising prices across its portfolio, including another round of hikes during the first quarter.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $11.97 billion adjusted vs. $11.75 billion expected
The beverage giant reported second-quarter net income attributable to shareholders of $2.55 billion, or 59 cents per share, up from $1.91 billion, or 44 cents per share, a year earlier.Net sales rose 6% to $11.97 billion. The company's organic revenue, which strips out the impact of acquisitions and divestitures, increased 11% in the quarter, fueled by higher prices.For 2023, Coke now expects comparable earnings per share growth of 5% to 6%, up from its prior forecast of a 4% to 5% rise.
Like many food and beverage companies, Coke has been hiking prices on its products in response to higher commodity costs. In
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Columbus City Council approves tax breaks for new Coca-Cola Consolidated facility, othersColumbus Council passed major tax abatements for Coca-Cola Consolidated and other businesses, and a zoning variance for a housing developer.
Weiterlesen »
Coca-Cola’s stock up 1.9% premarket after company tops Q2 earnings estimates and raises guidanceCoca-Cola Co.’s stock rose 1.9% premarket Wednesday, after the drinks and snacks giant beat second-quarter earnings estimates and raised its guidance. The...
Weiterlesen »
Elon Musk risks ‘New Coke’-style marketing blunder after ditching blue bird for ‘X’ logoExperts are skeptical of Musk’s move to get rid of Twitter’s well-known blue bird brand.
Weiterlesen »
Coca-Cola is about to report earnings. Here's what to expectCoke has been raising prices across its portfolio, including another round of hikes during the first quarter.
Weiterlesen »
Marsai Martin Jumped on TikTok’s Cherry Cola Hair TrendAnd she looks 500% stunning🥤🍒
Weiterlesen »
Social Security increase: Here’s the latest COLA estimate for 2024Millions of Social Security recipients could see a 3% increase in 2024′s cost-of-living-adjustment, according to the latest estimates from The Senior Citizens League.
Weiterlesen »