🧵 3. Coke's overall prices rose 9% in Q4, driven by hyperinflation in certain markets like Argentina. In most markets, prices increased by about 3.5%.
🧵 4. Coca-Cola CEO notes diverging consumer trends: higher-income individuals opt for premium drinks, while budget-conscious consumers cut back spending and opt for value packs.
🧵 2. Higher prices helped Coca-Cola surpass Wall Street expectations in Q4. But price hikes have slowed compared to previous years.
🧵 3. Coke's overall prices rose 9% in Q4, driven by hyperinflation in certain markets like Argentina. In most markets, prices increased by about 3.5%.
🧵 4. Coca-Cola CEO notes diverging consumer trends: higher-income individuals opt for premium drinks, while budget-conscious consumers cut back spending and opt for value packs.
🧵 Read more at: https://www.cnbc.com/2024/02/13/coca-cola-earnings-ceo-says-inflation-is-moderating-in-most-markets.html