Earnings

Coca-Cola (KO) Q1 2021 earnings beat Street estimates

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Coca-Cola on Monday reported that quarterly demand was unchanged from a year earlier as North America and Western Europe take longer to bounce back from the coronavirus pandemic.

However, global unit case volume in March returned to 2019 levels.

“We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full year guidance,” CEO James Quincey said in a statement.

Shares of the company fell less than 1% in morning trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Adjusted earnings per share: 55…



Source cnbc.com

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