Coca-Cola posts smaller-than-expected drop in quarterly revenue
Reuters
Apr 29
Coca-Cola posts smaller-than-expected drop in quarterly revenue
April 29 (Reuters) - Coca-Cola KO.N reported a smaller-than-expected drop in first-quarter revenue on Tuesday, benefiting from price hikes and strong demand for its sodas, juices and milk offering Fairlife.
The company's quarterly revenue fell to $11.22 billion, from $11.23 billion a year earlier. Analysts on an average expected a 0.84% fall to $11.14 billion, according to data compiled by LSEG.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath)
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