Coca-Cola (KO) Q1 2023 earnings


A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.

Jeoffrey Guillemard | Bloomberg | Getty Images

Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks.

Shares of the company rose 1% in premarket trading.

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

  • Earnings per share: 68 cents adjusted vs. 64 cents expected
  • Revenue: $10.96 billion adjusted vs. $10.8 billion expected

Excluding items, the beverage giant earned 68 cents per share.

Net sales rose 5% to $10.98 billion.

Source cnbc.com

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