Reported about 9 hours ago
Coca-Cola Co. reported a profit that exceeded Wall Street forecasts as consumers opted to pay more for its beverages, including sodas and juices. Adjusted earnings per share reached 55 cents, surpassing the expected 52 cents. Despite a general consumer trend towards budget-cutting, Coca-Cola's strategic price increases led to a 9% rise in its price mix and a 2% increase in volume during the fourth quarter. The company's stock rose 3.1% in premarket trading, highlighting its resilience compared to competitors like PepsiCo, which recently fell short of sales projections.
Source: YAHOO