Reported about 10 hours ago
Coca-Cola has reported better-than-expected earnings for the first quarter, stating it can manage tariffs affecting its business, including a 25% tariff on aluminum. Despite a 2% decline in overall revenue to $11.1 billion, the adjusted revenue surpassed Wall Street expectations, and net income increased by 5%. Factors affecting sales include geopolitical tensions and a controversial video that led to a dip in U.S. sales among Hispanic consumers. The company has moderated its full-year profit expectations, now predicting a growth of 7% to 9% in adjusted earnings.
Source: YAHOO