Coca-Cola Beats Estimates with Strong Quarterly Earnings and Revenue from 1 8 Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:46 👁 View: 25K times ✓ Published: 01-May-2024
Description: 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-Cola raised its full-year outlook for organic revenue growth to 8 to 9%. Coke's global unit case volume rose by 1%, while its North American volume remained unchanged for the quarter. Coke's sparkling soft drinks and juice, dairy, and plant-based drinks segments saw a 2% increase in volume during the quarter, driven by strong demand in North America.