Coke sees slower growth ahead as price hikes moderate
1 year, 10 months ago

Coke sees slower growth ahead as price hikes moderate

Associated Press  

Coca-Cola said higher prices didn’t hurt demand for its drinks in the fourth quarter, but it expects slower growth ahead as inflation cools and price increases moderate. Pricing and mix — which includes changes in package sizes — contributed 12% to revenue growth in the fourth quarter, while concentrate sales rose 2%, Coke said. Quincey said Coke will continue to raise prices this year globally, but its price increases in developed markets will likely moderate along with inflation. Coke’s rival PepsiCo also benefited from price hikes in the fourth quarter, and last week reported better-than-expected sales.

Growth Price Sales Coke Soft Drinks Price Increases Quincey Case Volumes  fell  ahead  growth  quarter  period  sees  volumes  revenue  slower  sales  markets  price  moderate  hikes  coke

History of this topic

Coca-Cola's Revenue and Volume Growth Slows, But It Beats Wall Street's Forecast
2 months ago

Coca-Cola's Revenue and Volume Growth Slows, But It Beats Wall Street's Forecast

Associated Press  

Coca-Cola's quarterly revenue fell due to a decline in sales volumes, but the company still exceeded Wall Street's forecasts. The company hiked prices 10% in the July-September period, but this is hurting demand. Coke is focused on making drinks more affordable by offering smaller pack sizes and, in some markets, refillable bottles. However, the company is also seeing some inflation …

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
5 months ago

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

Associated Press  

Coca-Cola is raising its full-year sales guidance after a stronger-than-expected second quarter boosted by continued price increases. In North America, where Coke’s prices rose 11%, about half of the increase was due to sales of more expensive beverages like Topo Chico mineral water and Fairlife milk, Quincey said. Yes, we’ll look to put it through.” But price increases appear to …

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes
5 months, 1 week ago

PepsiCo’s second quarter profits jump but customers slow their purchases after years of price hikes

Associated Press  

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks. PepsiCo said Thursday that North American demand for its Frito-Lay snacks was “subdued” during the quarter and sales volumes dropped 4%. Laguarta said demand for energy drinks like …

Coke’s strong quarter fueled by higher prices, China rebound
1 year, 8 months ago

Coke’s strong quarter fueled by higher prices, China rebound

Associated Press  

Coca-Cola Co. reported higher-than-expected sales in the first quarter as it continued to hike prices and its business in China improved. Coke Chairman and CEO James Quincey said higher demand at restaurants and robust new year celebrations in China were a stark comparison with last year, when a new variant of the coronavirus depressed demand. Quincey said Coke is trying …

Coca-Cola results beat as sales improve from pandemic lows
4 years, 2 months ago

Coca-Cola results beat as sales improve from pandemic lows

Live Mint  

Coca-Cola Co beat revenue and profit expectations on Thursday as strong "at-home" sales helped the world's largest soda maker bounce back from a shattering second quarter, sending its shares up 2% before the bell. The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, reported a slowdown in declines in "away-from-home" …

Coca-Cola signals recovery after most challenging quarter
4 years, 5 months ago

Coca-Cola signals recovery after most challenging quarter

Live Mint  

Coca-Cola Co said on Tuesday demand for its sodas was improving after reporting a 28% slump in sales in one of its "most challenging" quarters of the year due to coronavirus-led closures of restaurants, theaters and sports venues. Coca-Cola generates a sizeable portion of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as …

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