Reported about 1 month ago
Coca-Cola announced a 1% drop in third-quarter revenue to $11.9 billion, although this surpassed analysts' expectations. Despite a decline in sales volumes across many markets, the company expects a 10% rise in full-year organic revenue. Coca-Cola has faced challenges from rising prices, which were increased by 10% due to inflationary pressures, affecting demand for some products. CEO James Quincey mentioned the company's focus on affordability and anticipates a return to growth in volume, while acknowledging ongoing inflationary costs.
Source: YAHOO