Skip to Content

Coke revenue rises along with prices; ups outlook for 2022

KIFI

By DEE-ANN DURBIN
AP Business Writer

Coca-Cola posted higher-than-expected sales in the second quarter due to price increases and higher demand at theme parks and other venues. The Atlanta-based company said revenue grew 12% in the April-June period to $11.3 billion. That was well ahead of Wall Street forecasts. Coke said higher prices aren’t yet impacting consumer demand. Coke’s net income fell 28% to $1.9 billion for the quarter as it spent more on marketing and absorbed losses in Russia, where it halted sales in March. ¬†Excluding one-time items, Coke earned 70 cents per share in the quarter, also higher than analysts forecast.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content