Coca-Cola Stock Slips as Volumes Drop Offsets Better-Than-Expected Results
Coca-Cola(KO) Investopedia·2024-10-23 23:26
Key TakeawaysCoca-Cola reported a drop in unit case volumes, offsetting better-than-anticipated adjusted profit and sales figures.Concentrate shipments declined by 2% year-over-year because of a timing of shipments.Price/mix was up 10%, boosted by regions with high inflation. Coca-Cola (KO) shares lost ground Wednesday as a surprise drop in unit case volumes offset better-than-expected results at the world's biggest soft drink maker. The company reported third-quarter unit case volumes were down 1% year-ove ...