In 2022, Coca Cola’s net revenue in Q1 increased by 16% year-on-year to US $10.491 billion From Coca Cola earnings
The following is the In 2022, Coca Cola’s net revenue in Q1 increased by 16% year-on-year to US $10.491 billion From Coca Cola earnings recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.
Coca Cola (KO. US) recently warned that consumer demand may slow down because rampant inflation has not yet shown signs of cooling down. The company also said it would focus on cheaper and reusable glass bottles to cope with the huge pressure of rising costs under high inflation. Although the rising costs of aluminum cans, sugar, labor and transportation have led to rising product prices, the good thing is that consumer demand for soda and other packaged foods has remained strong so far.
However, James Quincey, CEO of Coca Cola, pointed out that the elasticity of demand will not last forever. In response to the expected decline in consumer purchasing power, Coca Cola said it was expanding the sale of cheaper soda packaged in recyclable glass bottles in emerging markets such as Latin America and Africa, and it was also piloting the sale of such soda in the southwest of the United States.
Coca Cola’s Q1 net revenue rose 16% year-on-year to $10.491 billion, higher than the market’s consensus estimate of $9.83 billion; The net profit attributable to Coca Cola shareholders increased by 24% year-on-year to US $2781 million, higher than the US $2406 million generally expected by the market. The basic and diluted earnings per share were US $0.64, higher than the market generally expected US $0.57 and US $0.52 in the same period of last year.
John Murphy, chief financial officer of Coca Cola, said that this is a good start, but the overall environment is still quite challenging, with higher costs and labor costs; In addition, the COVID-19 remains a challenge.
For Coca Cola, concerns about the epidemic and epidemic prevention restrictions have hit outdoor sales in places such as restaurants and stadiums. James Quincey said that global outdoor sales are still lower than those in 2019, partly because some stores such as restaurants have been permanently closed; However, this may not be bad news for investors, as it means that there is room for further growth as conditions continue to normalize.
Coca Cola said that the global market environment is still very challenging. While continuing to practice long-term ism and consolidate the market position of classic brands, it will develop innovative products to enhance business resilience. In addition, the company will continue to increase local investment and expand its supply chain to meet the demand of market growth.
Read more from Zhitong Finance: pinduoduo’s financial report interpretation: the monthly live users of pinduoduo in Q4 in 2021 were 733.4 million, a decrease of 8.1 million Tesla compared with Q3. Financial report: Tesla’s revenue in Q1 in 2022 was US $18.7 billion, and its net profit increased by 658% year-on-year. Apple: Apple’s lobbying expenditure in Q1 in 2022 was US $2.5 million, an increase of more than 34% compared with the fourth quarter of last year. Amazon: the new CEO issued the first shareholder’s letter. Q1 revenue in 2021 increased by 43% year-on-year, and Blizzard achieved its three-year growth target in 15 months Company: the expected revenue of blizzard in 2023 will rise to US $3.75 billion, an increase of 90%. Samsung Electronics financial report: Samsung expects the operating profit to reach 14.10 trillion won in Q1 in 2022, an increase of 50.32% year-on-year. TSMC financial report: Q1 revenue in 2022 will reach NT $491.076 billion, an increase of 35.5% year-on-year. Tencent Financial Report: Q4 Tencent’s revenue in 2021 will be 144.2 billion yuan, an increase of 8% year-on-year. Shangtang financial report: Shangtang’s net loss in 2021 will be 1.42 billion yuan, an increase of 61.5% year-on-year. Haidilao financial report: Haidilao business in 2021 Revenue of 41.11 billion yuan, up 43.7% year-on-year. SF financial report: in February 2022, the express logistics business realized an operating revenue of 9.849 billion yuan, down 3.36% year-on-year. Tencent Financial Report: in 2021, Tencent’s net profit was 224.82 billion yuan, up 41% year-on-year. Xiaomi group: Xiaomi’s total book value was 60.3 billion yuan, up 25.7% year-on-year. Xiaomi financial report: in 2021, Xiaomi group’s revenue was 328.3 billion yuan, up 33.5% year-on-year. Kangxinuo financial report: in 2021, kangxinuo’s operating revenue was about 4.3 billion yuan, up 1717% 4.82%
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.
