Beverage giant Coca-Cola (KO) has reported Q1 revenue of $11.1B, vs. the estimated consensus revenue of $11.17B. However, it beat earnings estimates. The company also reported global unit case volume up 2%.
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“Our performance this quarter once again demonstrates the effectiveness of our all-weather strategy,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Despite some pressure in key developed markets, the power of our global footprint allowed us to successfully navigate a complex external environment. By remaining true to our purpose and staying close to the consumer, we are confident in our ability to create enduring long-term value.”