The relaxation of Covid measures put in place around a year ago recently have aided many companies, one of these being Coca-Cola, who’s sales jumped some 16% across the first quarter.
The return to daily life at the cinema and stadiums means consumption of the drink product has skyrocketed yet again, after falling profits due to the company’s pulling out of Russia earlier this year.
Their move to cease operations in the European giant comes after the nation began its entry into Ukraine in late February.
However the soft-drink brand reported positive revenue growth of some 7-8% and share growth of up to 6% for the first quarter, a good sign for the rest of the year.
The company posted a net income of some $2.78 billion, 64 cents per share, skyrocketing Wall Street’s expectations.
Alongside this Coca-Cola earned a revenue of $10.49 billion during the first quarter, exceeding industry forecasts by almost 10 billion.
The company’s future trends look promising, but only time will tell whether this will continue into the end of the year.
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