Coca-Cola earnings beat expectations as revenue increases 10%

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Coca-Cola profits beat expectations as revenue increases 10%. Coca-Cola revealed quarterly earnings and revenue that beat analysts' projections on Thursday.

However, the company provided a softer outlook, anticipating that increased inflation would continue to weigh on profitability through 2022. PepsiCo, a competitor, also warned investors about increased packaging and transportation costs.

Coca-Cola stock rose more than 1% in premarket trade.

Here's how the company reported for the quarter ended Dec. 31 compared to what Wall Street expected, according to a Refinitiv survey of analysts:

• Earnings per share (adjusted): 45 cents vs. 41 cents predicted
• Revenue: $9.46 billion, compared to $8.96 billion predicted

The beverage giant posted a net income of $2.41 billion, or 56 cents per share, up from $1.46 billion, or 34 cents per share, a year ago.

Coke earned 45 cents per share excluding items, exceeding the 41 cents per share projected on analysts polled by Refinitiv.

View Full Coca-Cola Earning Report Here

Net sales increased 10% to $9.46 billion, exceeding analysts' forecasts of $8.96 billion. Organic revenue increased by 9% in the quarter, excluding the impact of acquisitions and divestitures.

Net sales increased 10% to $9.46 billion, exceeding analysts' forecasts of $8.96 billion. Organic revenue increased by 9% in the quarter, excluding the impact of acquisitions and divestitures

Coke expects comparable earnings per share growth of 5% to 6% in 2022, compared to the 6.1 percent increase predicted by Wall Street analysts. Higher commodity costs are expected to reduce earnings by the mid-single digits. The company is also anticipating organic sales growth of 7 percent to 8 percent for the whole season.

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