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Inflation Drove Prices Higher at Coca-Cola, Consumers Still On the Hunt for Value: CEO

July 25, 2024

Coca-Cola (KO) held on to its momentum to deliver another bubbly quarter on Tuesday.

The soda giant beat Wall Street’s estimates in Q2, led by global demand for its beverages, despite higher prices. Revenue grew 3% to $12.4 billion, compared to the expected $11.76 billion. Earnings per share came in 7% higher year over year at $0.84, compared to estimates of $0.81.

On a call with Yahoo Finance, CEO James Quincey attributed the results to “a strong execution of the strategy.” Consequently, the company is raising its 2024 guidance.

Continue Reading at Finance.Yahoo.com…

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