Coca-Cola reported better profits than expected in the first quarter and said that the impact of tariffs on their business is probably “manageable.”
Coca -Cola and other drinks manufacturers face a 25% rate In the aluminum they use for cans, among other elements. Last week, rival Pepsic Reduced your profits of profits throughout the year due to the impact of tariffs.
COCA PRESIDENT AND CEO -COLA JAMES FIFTEY He said in February That the company could change to aluminum suppliers, trust more in plastic bottles or glass and take other measures to counteract tariffs.
Case volumes of the Coca Unit -Cola grew by 2% in the first quarter, led by greater demand in China, India and Brazil. Coca-Cola Zero sugar was a prominent, with volumes of cases around 14%. The demand for sports drinks and coffee fell.
In North America, case volumes fell 3%. Prices increased by 8%, partly because Coca -Cola sold a greater combination of premium drinks such as Topo Chico Sparkling Water and Fairlife Milk.
The income fell 2% to $ 11.1 billion in the January-March period, the company said on Tuesday. That was in line with the expectations of Wall Street, according to analysts surveyed by FACTSET.
Net income increased 5% to $ 3.3 billion for quarter. Adjusted for unique articles, the Atlanta company won 73 cents per share. That exceeded the expectations of 72 cents.
Coca-Cola modeled expectations for their gain of the whole year on Tuesday. The company said now expects the tight profits of the whole year to grow 7% to 9%, below 8% to 10% before. Coca -Cola won $ 2.88 per share in 2024.
Coca-Cola shares increased approximately 1% before the opening bell on Tuesday.
