Coca-Cola remains the best among soda giants: Analyst

02/13/2024 23:10
Coca-Cola remains the best among soda giants: Analyst

Coca-Cola (KO) posted its fourth-quarter earnings, beating Wall Street expectations on revenue and sales growth. The company was able to navigate through higher prices as consumers continued to purchase their products. Wedbush Senior Vice President and Equity Research Analyst Gerald Pascarelli joins Yahoo Finance to discuss Coca-Cola's recent earnings report and why he believes they are in the top positions as a soda giant. "They're just getting really strong top-line growth in many of their international countries. I think in Europe, it was up 20%-plus as was Latin America, but even so, like in North America they're able to still flow through a good amount of pricing which inherently will benefit their margins," Pascarelli says. "International tends to outperform on the top line, but... with pricing where it is, a lot of this internationally is to combat... currency headwinds. But, the pricing is still strong, margins are holding up strong, so it's pretty much broad-based. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Coca-Cola (KO) posted its fourth-quarter earnings, beating Wall Street expectations on revenue and sales growth. The company was able to navigate through higher prices as consumers continued to purchase their products.

Wedbush Senior Vice President and Equity Research Analyst Gerald Pascarelli joins Yahoo Finance to discuss Coca-Cola's recent earnings report and why he believes they are in the top positions as a soda giant.

"They're just getting really strong top-line growth in many of their international countries. I think in Europe, it was up 20%-plus as was Latin America, but even so, like in North America they're able to still flow through a good amount of pricing which inherently will benefit their margins," Pascarelli says. "International tends to outperform on the top line, but... with pricing where it is, a lot of this internationally is to combat... currency headwinds. But, the pricing is still strong, margins are holding up strong, so it's pretty much broad-based. "

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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