Coca-Cola raises forecast for the full year after surpassing profit expectations, demonstrating strong market performance and fina...
Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, pointing to a lift from premium products that countered weakness in some markets.
While volumes rose just two percent, results were boosted by a nine percent rise in"price/mix" reflecting retail price hikes, as well as Coca-Cola's shifting offering of products that has tilted towards higher-end goods. While lower-income consumers may have cut back on demand, there was enough spending on"more premium categories or more premium price points and experiences" to offset them, said Chief Executive James Quincey.
Coca-Cola Profit Expectations Coca-Cola Financial Forecast Coca-Cola Profit Increase Coca-Cola Annual Forecast Coca-Cola Economic Outlook
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