Venues are re-opening, pushing Coke sales up 10% in Q4

Published February 10, 2022 4:34 am

By DEE-ANN DURBIN
AP Business Writer

Coca-Cola’s revenue rose 10% to $9.5 billion in the fourth quarter as coffee shops, movie theaters and other venues continued to reopen. The Atlanta-based beverage giant said the fourth quarter was the first time since the pandemic that away-from-home sales volumes were ahead of 2019 levels. Coke said its adjusted earnings fell 5% to 45 cents per share. That was better than Wall Street forecast. Analysts were expecting earnings of 41 cents per share on revenue of $8.98 billion, according to FactSet.

Article Topic Follows: AP National Business

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