Sales at Coca-Cola surged 16% during the first quarter as crowds returned to movie theaters, music venues and sport stadiums, offsetting rising input costs for the company and the suspension of operations in
Coca-Cola was among the companies to pull the plug on Russian operations after the country invaded neighboring
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The world’s largest beverage maker posted revenue of
Sales of Coca-Cola Zero Sugar increased 14%, while sales of its namesake Coca-Cola soft drink rose 6%. Overall sales for the sparkling soft drink category climbed 7%.
Consumers continued to gravitate to healthier beverages, with sales of nutrition, juice, dairy and plant-based beverages up 12%. Sales of hydration, sports, coffee and tea grew 10%.
Global unit case volume increased 8%, while pricing and mix rose 7%. Coca-Cola said accelerated cost pressures and ongoing supply challenges are leading it to look for different and more affordable ways to get its products to consumers. This includes offering single-serve packages.
Coke is getting hit across the board on rising costs for everything from aluminum and sugar to transportation. The company has said the suspension of operation in
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