Why Coca-Cola Shares Are Shooting Higher Today

Why Coca-Cola Shares Are Shooting Higher Today

Grand News Network / October 24, 2023 1:30 PM

Coca-Cola Company (NYSE: KO) reported third-quarter FY23 sales growth of 8% year-on-year to $11.95 billion, beating the analyst consensus estimate of $11.44 billion.

Revenue performance included a 2% growth in concentrate sales and a 9% growth in price/mix.

Unit case volume grew 2% in the quarter. Organic revenues increased 11%.

Gross profit rose 12% to $7.296 billion with a profit margin of 61%.

The operating margin contracted 50 ...

Full story available on Benzinga.com

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