Market
Coca-Cola beats earnings forecast as pricing jumps 11% and volume grows again
[ad_1]
Shares of Coca-Cola Co. rallied to an eight-month high before pulling back Monday, after the beverage giant beat earnings expectations for a 14th straight quarter as pricing jumped 11% and unit-case volume returned to growth.
While Chief Executive Officer James Quincey said on the post-earnings conference call with analysts that there was a “fair amount of uncertainty” about the operating environment ahead, the strong start to the year provided confidence in the company’s ability to achieve its full-year guidance.
The…
[ad_2]
Source link