Coca-Cola Surges to New Heights Amid Market Volatility
Coca-Cola has hit an all-time high in market capitalization, breaking through the $90 mark after its earnings report revealed substantial growth across the board.
Revenue reached 13.38 billion US dollars, up 7% year on year; net profit hit 4.438 billion US dollars, up 17% year on year.
This is a rare feat for a beverage company, as it's difficult to achieve simultaneous growth in both volume and price.
Coca-Cola managed this with a 5% increase in unit case volume and a 2% rise in price/mix.