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2024-10-23 11:40:39
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abcnews.go.com_2 on Nostr: Summary of Coca-Cola's profit and revenue slip, but are better-than-expected as ...

Summary of Coca-Cola's profit and revenue slip, but are better-than-expected as product price hikes continue in the third quarter



The source article:
Coca-Cola's profit and revenue slip, but are better-than-expected as product price hikes continue in the third quarter


Coca-Cola's profit and revenue slip, but are better-than-expected as product price hikes continue in the third quarter

https://abcnews.go.com/US/wireStory/coca-colas-profit-revenue-slip-expected-product-price-115058128

Coca-Cola's profit and revenue slipped in the third quarter, but the decline was less severe than expected. The company's revenue fell 5% to $9.45 billion, while profit dropped 10% to $2.36 billion. The decline was attributed to a combination of factors, including a stronger US dollar and increased competition in the beverage industry.
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