Coca-Cola Posts First Sales Gain Since 2012 on Higher Prices
Coca Cola Q1 Profit Beat Analysts’ Estimates
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Coca-Cola Co., the world’s largest beverage company, posted its first quarterly sales gain in two years after higher drink prices helped make up for sluggish demand.
The sales increase helped propel profit to 48 cents a share, excluding some items, Atlanta-based Coca-Cola said Wednesday in a statement. Analysts estimated 42 cents, according to data compiled by Bloomberg.