Coca-Cola revenue rises in fourth quarter, fueled by higher prices
Publishing timestamp: 2023-02-14 12:40:58
Summary
Coca-Cola reported quarterly revenue that beat analysts' expectations, driven by higher prices for its drinks. Unit case volume fell 1%, but CEO James Quincey said the U.S. business is still performing well and the reopening of China will likely boost sales this year. For 2023, Coca-Cola projects comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5%.
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Keywords: retail industry, business news, breaking news: earnings, food and drink, markets, earnings, breaking news: business, coca-cola co, restaurants, business,
Source: https://www.cnbc.com/2023/02/14/coca-cola-ko-q4-earnings.html