Coca-cola Stock News

Coca-Cola reported unit case volume growth of 11% for the quarter for its Asia Pacific unit, resulting in low single-digit increase compared to 2019. The maker of Coke and Sprite sparkling drinks noted in its earnings statement that growth was driven by China, India and the Philippines.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Thursday Market Open) Equity index futures were mixed on Thursday ahead of the Consumer Price Index (CPI) despite Wednesdays broad market rally. It has been light week for economic news but heavy on earnings announcements. However, traders looking for excitement may get it today thanks to a hotter-than-expected CPI report. The report showed that inflation grew 0.6% month-over-month, above the expected 0.5%. It also grew at 7.5% year-over-year which was also above the forecasted 7.3%. Economists were hoping for some easing in inflation, but these are the hottest number since February of 1982. The bond market reacted severely in premarket, trading with the 2-year Treasury yield that tries to anticipate the federal funds ratejumping up to 1.45%; the 10-year Treasury yield (TNX) rallied and briefly touched 2% in premarket trading. The bond market increased the probability of a half-point rate hike by the Federal Reserve in March to above 51%.

Coca-Cola (NYSE:KO) on Thursday reported quarterly earnings and revenue that beat analysts’ expectations as consumers drank more of the company’s products away from home, topping pre-pandemic levels for the first time. But the company issued a weaker-than-expected …

US stocks opened on a downbeat note this morning following the release of inflation data. The annual inflation rate in the US increased to 7.5% in January, the highest level since February 1982 and well above analysts'' estimates of 7.3%. Following the market opening Thursday, the Dow traded down 0.42% to 35,617.48 while the NASDAQ fell 1.22% to 14,313.41. The S&P also fell, dropping, 0.78% to 4,551.43. Check out this: Insiders Buy Over $43M Of 4 Stocks Leading and Lagging Sectors Energy shares jumped by 1.1% on Thursday. Meanwhile, top gainers in the sector included Peabody Energy Corporation (NYSE: BTU ), up 15% and Evolution Petroleum Corporation (NYSE: EPM ) up 7%. In trading on Thursday, information technology shares fell by 1.4%. Top Headline The Coca-Cola Company (NYSE: KO ) reported better-than-expected results for its fourth quarter. Coca-Cola reported quarterly adjusted earnings of $0.45 per share, exceeding analysts’ estimates of $0.41 per share. The company’s quarterly sales came in at $9.50 billion, versus expectations of $8.96 billion.

Coca-Cola (NYSE: KO ) has outperformed the market over the past 20 years by nan% on an annualized basis. Buying $1,000 In KO: 20 years ago, an investor could have purchased 43.21 shares of Coca-Cola at the time with $1,000. This investment in KO would have produced an average Full story available on Benzinga.com

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The Atlanta beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes exceeded 2019 levels

https://www.investing.com/news/stock-market-news/cocacola-gains-as-volumes-return-price-hikes-help-2761394

Coca-Cola Sales Top Estimates as Pandemic Recovery Continues

Futures Paralyzed Ahead Of Critical CPI Print US index futures are unchanged from Wednesday''s close after some rangebound trades in another illiquid, overnight session, as traders were paralyzed and unwilling to commit capital ahead of today''s critical CPI print which consensus expects to come in at 7.2% YoY headline and 5.9% core, but which may well surprise to the downside (we explained why yesterday ) after beating expectations on 8 of the past 10 occasions. A miss will likely send yields lower and risk sharply higher, especially when considering that the BLS will revise its CPI basket weightings and seasonal adjustments today. On the other hand, an upside surprise could spur additional pricing for a 50bp rate hike at the March meeting, currently priced in the swaps market at around 28%, and as such the 830am CPI print will shape views on how aggressively the Federal Reserve will tighten monetary policy in coming weeks. Contracts on the S&P 500 were flat, and the Nasdaq drifted lower after a broad Wall Street rally on Tuesday, US Treasury yields were lower as was the dollar while bond yields in most of Europe ticked higher, as did bitcoin which briefly rose above $45,000 . “This inflation data will provide investors with more clues on how aggressive the Fed could be at its next policy meeting, sparking volatility in both bond and stock markets,” said Pierre Veyret, a technical analyst at ActivTrades.

Annual revenue at Coca-Cola was $38.7 billion, higher than forecasts of $38.1 billion.

The Coca-Cola Co. reported its fourth-quarter net revenue increased 10% on a yearly basis, reaching $9.5 billion, while net income jumped 66% to $2.4 billion and the earnings per share (EPS) grew 65%

Coca-Colas revenue rose 10% to $9.5 billion in the fourth quarter as coffee shops, movie theaters and other venues continued to reopen

Coca-Cola Co. stock rose 1.5% in Thursday premarket trading after the beverage giant reported fourth-quarter earnings and revenue that beat expectations. Net income of $2.414 billion, or 56 cents per share, was up from $1.456 billion, or 34 cents per share, last year. Adjusted EPS of 45 cents beat the FactSet consensus for 41 cents. Revenue totaled $9.464 billion, up from $8.611 billion and also ahead of the FactSet consensus for $8.986 billion. "The fourth quarter marked the first quarter in which away-from-home volume was ahead of 2019, while strength in at-home channels also continued," the company said in the earnings release. Volume for sparkling soft drinks was up 8% for the quarter; nutrition, juice, dairy and plant-based beverages were up 11%; and hydration, sports, coffee and tea grew 12%. For 2022, Coca-Cola is guiding for organic revenue growth of 7% to 8% and EPS growth of 5% to 6% from $2.32. The FactSet consensus is for revenue of $40.478 billion, implying growth of 6.2%, and EPS of $2.43, suggesting a 6% increase.