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Coca-cola (This) CEO James Quincey remains firm in prices, even when the Trump Administration’s trade war increases costs such as aluminum cans and orange juice.
“We do not (increasing prices) outside the cycle. Obviously, prices increased due to a set of normal things, last year’s inflation, which has happened. But we follow our current pricing plan because, you know, some things are more expensive and some things are less expensive. And everything goes into the package,” said Quincey to Yahoo Finance (previous video).
Shares of the Beverage Giant increased almost 1% in the negotiation Tuesday Beat in first quarter earnings And he did not issue a warning with his orientation for a whole year. The company said in a statement that he hopes that the impact of the trade war will be “manageable” this year.
More information on the movements of Coca-Cola actions and the action of the current market.
In Close: April 30 at 16:00:02 EDT
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This does not mean that consumers do not show signs of being under pressure, as large companies are beginning to increase prices to compensate for their highest costs for business.
In the business of Coke’s North America, for example, volumes of unitary cases fell by 3%, as it increased prices by 8%. It was the second largest price increase among coke divisions, behind a 16% rise in Latin America.
Quincey explained to Yahoo Finance: “ If we look at the United States business, the weakness in the volume in Q1 was concentrated in what we call future consumer containers, which is much more predominant in supermarkets or in a kind of independent trade outlets, instead of the comfort or type of outside of restaurants of the restaurants of a quick pressure for the consumer of the lower reaction and some geopolitical reaction. “”
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Clean sales: -2% year -on -year up to $ 11.2 billion to estimates for $ 11.14 billion
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Growth of organic sales: +6% year -on -year and estimates for +5.2%
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CORE EPS: +1% year -on -year to $ 0.73 against estimates for $ 0.72
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Key comment: This fare impact is “manageable”
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Growth of organic sales: +5 A +6% vs. Estimates by +5.63% (previous orientation: +5% to +6%)
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CORE EPS: +2% A +3% to $ 2.96 against estimates for $ 2.96 (previous orientation: +2% to +3%/2.94 to $ 2.97)
Brian sozzi He is the executive publisher of Yahoo Finance. Follow Sozzi Ax @Briansozzi, Instagramand Linkedin. Tips on stories? Send an email to brian.sozzi@yahoofinance.com.
