On Tuesday, April 23, the Coke earnings report came out, and it surpassed expectations. On the news, KO stock moved into the green, ending the day up nearly 2%.
Here’s what we know.
Coke Earnings Report Sends KO Stock UpAccording to Cola-Cola (NYSE:KO), we can attribute the company’s first-quarter success to organic sales growth and operating margins. This is because both showed significant improvements from 2018. “We’re encouraged by our first quarter results,” said James Quincey, CEO of the beverage company, “as our disciplined growth strategies continue to deliver strong underlying performance.”
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