Washington DC,24/4: Coca Cola Co beat Wall Street estimates for quarterly revenue on Monday, as demand for its sodas remained resilient in the face of multiple price increases.
A near domination of the global carbonated drinks market along with rival PepsiCo has helped Coca-Cola to raise prices with little or no pushback from consumers.
Consumer goods companies have raised prices to pass on steep commodity and raw material costs that stemmed from supply-chain snags fueled by the pandemic and aggravated by the Russia-Ukraine conflict.
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