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Yahoo Finance’s Allie Canal joins the Live show to break down key takeaways from Coca-Cola’s first-quarter earnings report.
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Coca-Cola’s first-quarter earnings were reported and the company’s CEO, James Quincey, noted that inflation and geopolitical tensions persisted during the quarter. The company’s revenue increased by 5% year-over-year to $9 billion, beating analysts’ expectations.

Quincey stated that Coca-Cola was facing “higher commodity costs and continued supply chain challenges,” which led to price increases across its products. These challenges were attributed to the ongoing pandemic-related disruptions to the global supply chain.

In addition to inflationary pressures, Coca-Cola also faced geopolitical tensions in certain markets. The company’s revenue in China, for example, was impacted by tensions between the United States and China, as well as a boycott of some Western brands in response to criticism of China’s treatment of minority groups.

Despite these challenges, Coca-Cola’s earnings were bolstered by growth in its North American market, where the company saw strong consumer demand for its products. The company’s operating income in North America increased by 18% year-over-year, driven by the success of its “at-home” product offerings, such as Coca-Cola Zero Sugar, energy drinks, and sparkling water.

Coca-Cola plans to continue investing in its business to drive growth and address the challenges it faces. The company has already launched new products to meet changing consumer preferences, such as its recently released Topo Chico Hard Seltzer. Coca-Cola has also announced plans to invest in digital technology to improve operations and drive efficiency.

In conclusion, Coca-Cola’s first-quarter earnings reflect the continued challenges faced by businesses due to the pandemic and ongoing geopolitical tensions. Despite these challenges, Coca-Cola’s growth in North America and ongoing investment in its business demonstrate its commitment to long-term success.