Coca-Cola CEO: We expect to increase prices around the world
Coca-Cola CEO James Quincey on the economy, expanding the company’s line of beverages, the pricing outlook, the Super Bowl, marketing, launching bottles and cans themed to the Korean boy band BTS and the company’s ‘World Without Waste’ initiative.
Coca-Cola Co reported sales that topped Wall Street estimates for the tenth straight quarter, benefiting from higher prices and strong demand for its zero-sugar sodas.
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The company’s revenue fell 6 percent to $7.1 billion in the fourth quarter ended Dec. 31, hurt by the refranchising of its low-margin bottling operations. Analysts had estimated sales of $7.03 billion, according to IBES data from Refinitiv.
(Reporting by Aishwarya Venugopal in Bengaluru Editing by Saumyadeb Chakrabarty)
