The Coca-Cola first told the trimester the expected-renowned earnings and said the impact on its business could be “manageable”.
Coke and other beverage manufacturers are facing 25% tariffs on the aluminum they use for cans. Last week, rival Pepsico reduced his full year’s expectations due to the impact of the tariff.
The revenue decreased by 2% during the January-March period at $ 11.1 billion, the company said on Tuesday. It was consistent with the expectation of Wall Street, analysts surveyed by the factset.
Net income for the marginalized 5% increased to $ 3.3 billion. Adjusting for one -time items, the Atlanta company has earned 73 cents per share. It defeats the expectations of 72 cents.
Coca-Cola shares increased by about 1% before the opening bell on Tuesday.
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