Can consumer-facing firms beat the big squeeze?
Soft drinks giant Coca-Cola’s (KO:NYSE) first quarter results (25 Apr) topped Wall Street expectations as consumers gulped down more of its namesake brand as well as Powerade and Costa Coffee as the world continued to reopen.
But the beat was also driven by higher prices, with Coca-Cola’s sales performance including 7% growth in price and product mix.
Coca-Cola is well known for its ...