Coca-Cola Reports First Quarter 2022 Results
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Coca-Cola (KO) PT Raised to $71 at Guggenheim; 'Most Immune to High Inflation'
April 25, 2022 4:22 PM EDTGuggenheim analyst Laurent Grandet raised the price target on Coca-Cola (NYSE: KO) to $71.00 (from $68.00) while maintaining a Buy rating following earnings, saying it is the most immune to high inflation in their food/bev coverage.
The analyst commented, "Key Message: The Coca-Cola... More
Coca Cola (KO) Tops Q1 EPS by 6c
April 25, 2022 6:55 AM EDT(Updated - April 25, 2022 6:57 AM EDT)
Coca Cola (NYSE: KO) reported Q1 EPS of $0.64, $0.06 better than the analyst estimate of $0.58. Revenue for the quarter came in at $10.5 billion versus the consensus estimate of $9.83 billion.
Outlook:
Full Year 2022
On March 8, 2022, the company announced the suspension of its business in Russia as a result of the conflict in Ukraine. The approximate direct impacts of this are estimated to be as follows:
1% impact to unit case volume
1% to 2% impact to net revenues and operating income
$0.04 impact to comparable... More
