Beverage Sector Performance: Coca-Cola Reports Revenue Growth
1 report, 1 independent
Updated Tue 00:00
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What happened
Molson Coors reported revenues of $3.10 billion last quarter, a 3.3% decline year on year, though the company surpassed EBITDA estimates while missing gross margin estimates. Coca-Cola reported revenues up 7.6%, topping estimates by 3.7%.
From financialcontent.com
Why it matters
The results show varied performance across the beverages segment. Coca-Cola’s revenue growth, which beat estimates, coincided with a 1% decline in its stock price.
From financialcontent.com
Who's involved
- Coca-ColaBeverage company that reported revenues up 7.6% last quarter
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The entities involved
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Coca-Cola
carbonated brown-colored soft drink