Overview

• Coca-Cola reported first quarter revenue and profits that beat Wall Street expectations.
• The company raised prices by 11% to offset higher costs, contributing to an 11% increase in revenue from pricing and mix.
• Unit case volume grew 3% globally and 10% in Asia as China's economy reopened.
• Operating income declined 1% as Coca-Cola invested heavily in marketing and promotion.
• Coca-Cola maintained its full-year outlook, predicting steady demand and the ability to continue passing on higher prices to customers.