Coca-Cola sales beat estimates, helped by higher prices
Publishing timestamp: 2024-02-13 09:48:07
Summary
Coca-Cola reported earnings that met expectations and sales that beat estimates. Higher prices helped the company overcome lower volume in North America. The company's organic revenue climbed 12% in the quarter, but North American volume shrank 1%. Coca-Cola is forecasting organic revenue growth of 6% to 7% for 2024.
Sentiment: NEUTRAL
Keywords: ramon laguarta, business news, breaking news: markets, breaking news: earnings, pepsico inc., coca-cola co, breaking news: business, food and drink, retail industry, business, earnings, markets, restaurants, dividends, james quincey,
Source: https://www.cnbc.com/2024/02/13/coca-cola-ko-q4-2023-earnings.html