Shares of Coca-Cola Co. reversed into the red in early Wednesday trading, after the beverage behemoth beat third-quarter earnings expectations, because another big increase in price and mix offset ...
Price/mix was up 10%, boosted by regions with high inflation. Coca-Cola (KO) shares lost ground Wednesday as a surprise drop in unit case volumes offset better-than-expected results at the world's ...
Coca-Cola will likely continue to benefit from higher price/mix, amid inflationary pricing in developing regions. This will help drive organic growth for both at-home and away-from-home channels.
Unit case volume was down 1% for Coca-Cola (KO) during the quarter. Growth led by Brazil, the Philippines and Japan was more than offset by declines in China, Mexico and Türkiye. Price/mix ...