Coca-Cola Co. (KO)

$ 65.31
   
  • Change Today:
    $-0.61
  • 52 Week High: $73.01
  • 52 Week Low: $56.44
  • Currency: US Dollars
  • Shares Issued: 4.31m
  • Volume: 13,380,914
  • Market Cap: $281.36m
  • RiskGrade: 95

Coca-Cola fizzes past estimates as price hikes boost Q1

By Frank Prenesti

Date: Monday 24 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Famous fizzy-drinks maker Coca-Cola Co beat first-quarter profit and revenue forecasts driven by high demand and price rises.
Average selling prices rose 11% in the first quarter, the company said on Monday as it passed on higher commodity and shipping costs, while unit case volumes rose 3%.

The company's first-quarter revenue rose 5% to $10.98bn against estimates of $10.80bn. Net income attributable to shareholders rose to $3.11bn, up from $2.78bn a year earlier.

Coke in February said it would hike prices further in 2023 "across the world" in response to rising costs.

Quarterly operating margin was 30.7%, compared to 32.5% a year earlier, as higher operating costs, an increase in marketing spending, investments and a stronger dollar all offset gains made by the price hikes.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coca-Cola Market Data

Currency US Dollars
Share Price $ 65.31
Change Today $ -0.61
% Change -0.93 %
52 Week High $73.01
52 Week Low $56.44
Volume 13,380,914
Shares Issued 4.31m
Market Cap $281.36m
RiskGrade 95

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Trades for 31-Oct-2024

Time Volume / Share Price
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15:59 200 @ $65.32
15:59 100 @ $65.32

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