Earnings Results
Unit-case volume grows 3% in first quarter after first fourth-quarter drop in two years
Coca-Cola beat earnings expectations for a 14th straight quarter as pricing, concentrate sales and unit-case volume all rose.
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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…
