Previous close | 57.61 |
Open | 57.84 |
Bid | 57.57 x 300000 |
Ask | 57.71 x 300000 |
Day's range | 56.86 - 57.98 |
52-week range | 49.00 - 59.22 |
Volume | |
Avg. volume | 3,422 |
Market cap | 250.255B |
Beta (5Y monthly) | 0.59 |
PE ratio (TTM) | 25.09 |
EPS (TTM) | 2.30 |
Earnings date | 30 Apr 2024 |
Forward dividend & yield | 1.80 (3.12%) |
Ex-dividend date | 14 Mar 2024 |
1y target est | N/A |
Dow Jones fast food giant McDonald's fell short of Q1 earnings Tuesday. Coca-Cola beat views, lifted its sales growth forecast.
Coca-Cola raised its full-year revenue forecast on higher prices after beating first-quarter profit and revenue expectations. Coca-Cola said it now expects 2024 revenue growth of between 8% to 9%, which is above the soda maker’s prior forecast of 6% to 7%. Coca-Cola said the new forecast includes the anticipated pricing impact of a number of markets experiencing “intense inflation.”
Coca-Cola raised its annual organic sales forecast on Tuesday after beating first-quarter revenue and profit expectations as customers shell out more money for the company's pricey sodas and juices globally. Both Coca-Cola and PepsiCo are also enjoying buoyant demand for their products in international markets such as Europe and Asia where relaunches of Georgia Coffee, Sprite reformulations and a foray into newer markets have helped bump up sales. Coca-Cola's organic revenue in Europe, Middle East and Africa rose 15% in the first quarter, while in North America it increased 7%.