Price hikes keep Coke's sales bubbly

Saundra Latham

Commerce Editor @ Yahoo | Writer, Editor, Content Curator

发布日期: 2022年10月25日

Coca-Cola Co. reported third-quarter earnings Tuesday, and they're anything but flat. The soda giant notched over US$11 billion in revenue, beating Wall Street's forecast of $10.5 billion. While the company has raised prices and offered smaller, cheaper portions to combat inflation, it also noted that sales volume is up 4%, showing that customers are still willing to splurge — at least for now. CEO James Quincey said the company is starting to see some customers switch to private-label competitors, especially in Europe.

Coke now expects organic revenue growth of 14% to 15% for 2022, up from 12% to 13%.

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Warren E. Hamilton

I'm the Owner of The Digital Eye, LLC. Retired NYS employee, w/ experience as: A 2021-23 Albany Co. Redistricting Commissioner; a board member and regular member of multiple NFP orgs; and, an active member at HWFC Co-op.
2 年
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How does your company handle pricing decisions during this inflationary period? Are you raising prices just because you are able to, when your supply chain really does not warrant price increases?

Coca-Cola Keeps Raising Prices, Driving Profits Higher

https://www.nytimes.com

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Amelia Lucas

Reporter at CNBC
2 年
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Consumers are starting to change their shopping behavior, according to Coca-Cola CEO James Quincey. However, the beverage giant still managed to grow its market share globally and increase volume 4% in the third quarter.

Coca-Cola raises full-year outlook as earnings beat expectations

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Business Today

120,435 位关注者
2 年
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Coke's?net income rose 14% to $2.8 billion. Adjusted for one-time items, the Atlanta company earned 69 cents per share. That also beat analysts'?forecasts of a 64-cent profit.

Coke increases sales outlook after higher prices boost Q3 revenue

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John Murphy

President and Chief Financial Officer, The Coca-Cola Company
2 年
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This morning, The Coca-Cola Company reported Q3 2022 financial results. View non-GAAP financial measures reconciliation & safe harbor: cokeurl.com/lphlrw

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Nick Hamilton, CFP

Investment Advisor with RBC Dominion Securities
2 年
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Despite concerns of economic slow down, possible recession, etc- The bulk of corporate earnings continue to be quite good. Appx 75% of companies who have reported have beat earnings. Providing guidance understandably continues to be challenged... Its better to pay attention to the available fundamentals and not the market sentiment.

Coca-Cola raises full-year outlook as earnings beat expectations - www.cnbc.com

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