Coca-Cola - KO quarter!

The company not only recovered from the COVID-19 period.

It is blossoming and growing much more than it used to.

What amplifies the higher profit is that the price increase supported revenue actually grew at a faster rate than the cost of goods sold.

The cost of goods was up 2% YoY, which is a remarkable feat given the inflationary period we are in right now.

Due to that, gross profits rose by 9%.

It is no surprise that people these days are more conscious of their health.

Coca-Cola's business model does not bode well if health awareness slowly increases.

Thankfully Coke is working on growing its Zero Sugar sales, and also its coffee franchise Costa Coffee.

It has been promising for Coke Zero Sugar and its ultra-filtered milk brand Fairlife as both saw strong volume growth of 5%.

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