Coca-Cola Raised Its 2024 Revenue Forecast. Investors Are Shrugging It Off.
Coca-Cola said it now expects 2024 revenue growth of between 8% to 9%, above the soda maker’s prior forecast of 6% to 7%. Coca-Cola said the new forecast includes the anticipated pricing impact of several markets experiencing “intense inflation.”
Coca-Cola is getting a boost from higher prices
Coca-Cola’s consumers are making it pop. The beverage company reported better-than-expected first-quarter earnings on Tuesday, thanks in part to an increase in its prices. Shares of Coca-Cola were down slightly in mid-day hours,
Coca-Cola Beats Estimates
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Coca-Cola only sold 1% more drinks last quarter, but it raised prices 13%. Its CEO said it has ‘the right strategies’ for sustained success
The beverage goliath is among several other snack and drink companies reaping the rewards of price hikes that far exceed inflation.
Coca-Cola beats first-quarter earnings estimates, raises annual revenue outlook
Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as “a dynamic backdrop.”
The Coca-Cola Company Q1 Profit Increases, beats estimates
The Coca-Cola Company (KO) released earnings for its first quarter that increased from last year and beat the Street estimates. The
Coca-Cola Raises Outlook as Prices and Volumes Rise Abroad
Coca-Cola Co. issued a more optimistic 2024 forecast after first-quarter results outpaced Wall Street’s expectations as customers in markets around the world continue to pay higher prices and drive volume growth.
Coke: Q1 Earnings Snapshot
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. The world's largest beverage maker posted revenue of $11.3 billion in the period, also exceeding Street forecasts.
Coca-Cola Beats Estimates with Strong Quarterly Earnings and Revenue
Coca-Cola reported quarterly earnings and revenue that beat analysts' estimates. Earnings per share were above estimates at 72 cents adjusted, while revenue was above estimates at $11.30 billion. Coca
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Coca-Cola Insiders Sell US$19m Of Stock, Possibly Signalling Caution
The fact that multiple The Coca-Cola Company (NYSE:KO) insiders offloaded a considerable amount of shares over the past ...
Coca-Cola's Refreshing Results: Analysts Bullish Despite Near-Term Concerns
Goldman Sachs maintains a Neutral rating on KO with a $60.00 price target. Analyst Bonnie Herzog highlights KO's robust Q1 ...
Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast
Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the U.S.
The Coca-Cola Company Announces Election of Corporate Officers and Declares Regular Quarterly Dividend
The Board of Directors of The Coca-Cola Company today announced the election of corporate officers, along with declaring the ...
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Coca-Cola fights ‘flat to modest growth’ in North America with innovation, in-store displays & RGM
The Coca-Cola Company anticipates “flat to modest growth in volume” in North America despite characterizing the US consumer ...
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Coca-Cola Europacific Partners’ Finance Chief Resigns, Moves to Johnnie Walker’s Diageo Company
Coca-Cola Europacific Partners plc revealed that its chief financial officer, Nik Jhangiani, has resigned. The British-American company, formed through the merger of three main bottling companies for ...
Seeking Alpha21h
Coca-Cola: Earnings Not Enough To Support Uptrend (Technical Analysis)
Coca-Cola's stock trend is reaching an exhaustion point and may face resistance, which could cause further downside ...
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The Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives
The quotation from Judson Althoff was updated following initial publication. ATLANTA and REDMOND, Wash. — — Microsoft Corp.
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The Coca Cola Co. ups guidance despite “intense” inflationary headwinds
The public offering for Coca-Cola Beverages Africa (CCBA) in Johannesburg and Amsterdam could be put in place “as soon as ...
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The Coca-Cola Company (KO) Q1 2024 Earnings Call Transcript
At this time, I'd like to welcome everyone to The Coca-Cola Company's First Quarter 2024 Earnings Results Conference Call. Today's call is being recorded. If you have any objections, please ...