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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
