Coca-Cola Q1 income rose to $2.8B

By Agence France-Presse

Apr 27, 2022 12:17 am

NEW YORK CITY: Coca-Cola reported a jump in quarterly profits on Monday (Tuesday in Manila) in results showing the soda giant was able to implement price hikes with little sign of consumer pushback.

But the soft drink maker, which registered strong revenue jumps in North America and most other regions, signaled it expects more of a negative consumer reaction to higher prices at some point, given historic trends.

SUPER SOFT DRINK This July 23, 2019 file photo shows cans of Coca-Cola on display on a shelf at a convenience store in San Rafael, California. AFP PHOTO

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