Monday, April 25, 2022

Coca-Cola Q1 Profit Increases 24%, Results Top Estimates

Beverages giant Coca-Cola reported Monday that profit for the first quarter increased 24 percent from last year, drive by a double digit revenue growth of 16 percent, partially offset by an increase in marketing investments and currency headwinds. Both adjusted earnings per share and revenues topped analysts' expectations. The company also maintained its outlook for the full-year 2022.

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