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Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices - TL;DR CNBC

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

Tickers: MCDKO

Keywords: marketsbusinessjames quinceybusiness newsbreaking news: businessfood and drinkcoca-cola coretail industryunited statesjohn murphybreaking news: marketsrestaurantsearningsmcdonald's corpbreaking news: earningsdividends

Source: https://www.cnbc.com/2024/04/30/coca-cola-ko-q1-2024-earnings.html


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