{"id":19242,"date":"2022-04-25T07:41:35","date_gmt":"2022-04-25T14:41:35","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19242"},"modified":"2022-04-25T07:43:04","modified_gmt":"2022-04-25T14:43:04","slug":"coca-cola-topped-analysts-estimates-on-quarterly-earnings","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/coca-cola-topped-analysts-estimates-on-quarterly-earnings\/","title":{"rendered":"Coca-Cola Topped Analysts’ Estimates on Quarterly Earnings"},"content":{"rendered":"\n
Coca-Cola (NYSE: KO) <\/strong>topped analysts estimates quarterly earnings on Monday as costumers consumed more of its Coke beverage, powerade and Costa Coffee. The company\u2019s shares ultimatley rose 16% during the quarter as people returned to public venues, movie theaters and sporting events.<\/p>\n\n\n\n The multinational beverage corporation reported earnings of USD0.64 a share, compared to the expected USD0.58 a share. Revenue amounted to USD10.5 Billion, higher than analysts anticipated USD9.83 Billion. Furthermore, organic revenue surged 18% within the quarter, eliminating the impact of acquisitions and divestitures.<\/p>\n\n\n\n “Price\/mix grew 11%, primarily driven by pricing actions in the marketplace, continued recovery in the fountain business and away-from-home channels, and strong growth in premium offerings,” Coke said in explaining the performance of its North America business, where operating profits in the business surged 33% from a year ago. “Price\/mix growth included a benefit resulting from the timing of price increases in the prior year.”<\/p>\n\n\n\n Moreover, sales of the company\u2019s Coca-Cola Zero drink increased by 14%, though overall sales for the sparkling drink division rose 7%. Consumers continued to move towards healthier beverages as sales for juice, dairy and plant-based beverages were up 12%. Menahwile, sales of hydration, sports, coffee and tea, grew 10%.<\/p>\n\n\n\n Despite the company\u2019s decision to halt its russian business, it continues to stand by it full-year outlook of revenue growth ranging from 7% to 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"Coca-Cola (NYSE: KO) topped analysts estimates quarterly earnings on Monday as costumers consumed more of its Coke beverage, powerade and Costa Coffee. The company\u2019s shares ultimatley rose 16% during the quarter as people returned to public venues, movie theaters and sporting events. Earnings 10% Above Analysts’ Estimates The multinational beverage corporation reported earnings of USD0.64… View Article<\/a>","protected":false},"author":3,"featured_media":19243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,12,16],"tags":[],"acf":[],"yoast_head":"\nEarnings 10% Above Analysts’ Estimates<\/h5>\n\n\n\n
Price Changes to Products<\/h5>\n\n\n\n
Coca-Cola Zero Sales Increase<\/h5>\n\n\n\n