Coca-Cola Co. KO 1.06% logged higher sales for the latest quarter as stronger demand and price increases helped the beverage giant offset surging input costs.
Coke’s organic revenue, which strips out currency swings as well as acquisitions or divestitures, rose 18% in the quarter ended April 1, as unit case volume rose 8%. The company also benefited from higher prices and the mix of products sold in the first quarter.
The cost of goods sold rose 17% to $4.09 billion. Still, Coke’s operating income increased 25% to $3.41 billion from a year earlier.
