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

February 14, 2023 03:59 AM PST | By Reuters
Follow us on Google News:
Image source: Reuters

(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)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Top Listed Companies