Coca-Cola Lifts Outlook as Consumers Absorb Price Hikes

The company has revised its 2023 revenue growth outlook to 10-11%, up from 8-9%, despite analysts expecting around 9.9%. Profit growth is also expected to rise to 7-8%, with a larger foreign exchange headwind at 6%. Third-quarter earnings exceeded expectations with EPS at $0.74. The focus remains on price mix strategies, similar to Procter and Gamble, to counter consumer health concerns. Global volumes rose by 2%, but North America remained flat. In contrast, Pepsi, a key competitor, anticipates similar revenue growth but faces a 6% volume decline in North America.

What is the revised revenue growth outlook for the company in 2023?

• 8-9%

• 9.9%

• 10-11%

• 12-13%

What is the expected profit growth for the company?

• 7-8%

• 3-4%

• 9-10%

• 5-6%

How did the company's third-quarter EPS compare to estimates?

• It was lower than estimated.

• It matched the estimates.

• It was higher than estimated.

• It was significantly lower than estimated.

Which strategy is the company focusing on to manage price increases?

• Market expansion

• Price mix

• Product diversification

• Cost-cutting

How did Pepsi's volume trend in North America compare to the company's?

• Pepsi's volume increased by 2%.

• Pepsi's volume increased by 6%.

• Pepsi's volume remained flat.

• Pepsi's volume declined by 6%.