A Coca-Cola constructing in Zagreb, Croatia, November 8, 2023.
Denis Lovrovic | AFP | Getty Images
Coke reported quarterly earnings and sales on Tuesday that beat analysts’ expectations.
The beverage giant also raised its full-year organic sales forecast.
The company’s shares rose lower than 1% in premarket trading.
Here’s what the corporate reported in comparison with Wall Street’s expectations, based on an LSEG analyst survey:
- Earnings per share: 72 cents adjusted versus 70 cents expected
- Revenue: $11.30 billion vs. expected $11.01 billion
Coke reported first-quarter net income attributable to the corporate of $3.18 billion, or 74 cents per share, up from $3.11 billion, or 72 cents per share, a 12 months earlier.
Excluding items, the beverage giant earned 72 cents per share.
Net sales rose 3% to $11.30 billion.
