Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices
Publishing timestamp: 2024-04-30 09:30:36
Summary
Coca-Cola reported quarterly earnings and revenue that beat expectations, with an increase in global unit case volume. The company also raised its full-year outlook for organic revenue. Despite a non-cash impairment charge for Bodyarmor, Coke's overall performance was strong, with growth in various segments and an increase in overall prices. The company expects continued growth for the full year.
Sentiment: POSITIVE
Keywords: markets, business, james quincey, business news, breaking news: business, food and drink, coca-cola co, retail industry, united states, john murphy, breaking news: markets, restaurants, earnings, mcdonald's corp, breaking news: earnings, dividends,
Source: https://www.cnbc.com/2024/04/30/coca-cola-ko-q1-2024-earnings.html