Coca-Cola sales rose 16% in the first quarter. This was despite the increasing input costs and the suspension of operations in Russia.
Coca-Cola was among those companies that pulled the plug on Russian activity following the invasion of Ukraine. It maintained its earlier growth forecasts for 7% to 8.8% revenue and stock growth rates of 5% to 6.6% per annum on Monday.
According to Zacks Investment Research, Atlanta’s net profit was $ 2.78 billion or 64cs per share. This exceeded Wall Street expectations for earnings per share of 6c, which is what the survey showed.
This period saw the world’s largest beverage manufacturer post revenue of $ 10.49 Billion, which was also higher than industry analysts’ estimates of $ 9.91 Billion.
Coca-Cola Zero Sugar sales grew 14% while Coca-Cola sales rose 6%. The sparkling soft drink category saw an increase of 7% in total sales.
With sales of nutrition, juice, and herbal drinks increasing by 12%, consumers continue to be drawn to healthier beverages. The sales of tea, coffee, sports and hydration increased by 10%.
Global portfolio volume per Unit increased by 8.8%, while pricing increased by 7% and mix by 7%. Coca-Cola explained that increasing costs and continuing supply challenges have prompted it to seek out more cost-effective ways of delivering its products to consumers. You can even offer packages that contain one serving.
Her voice suffers from the high cost of everything, including aluminum and sugar, to transport. The company claimed that suspending operations in Russia would decrease earnings by 4 cents per share.
Coca-Cola shares rose shortly after the opening bell.
Part of this story was created by Automated Insights (http://automatedinsights.com/ap) using Zacks Investment Research data. Access the Zacks Stock Report on KO at https://www.zacks.com/ap/KO