Coca-Cola sees annual profit above estimates on resilient demand, price hikes

February 14, 2023 03:59 AM PST | By Reuters
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(Reuters) - Coca-Cola Co on Tuesday forecast 2023 profit above analysts' estimates, betting on resilient demand for its sodas despite multiple price hikes to tackle rising costs.

The company forecast full-year adjusted earnings per share to rise between 4% and 5%, compared to analysts estimates of 2.96% growth, according to IBES data from Refinitiv.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)


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