Is Buffett's Beverage Giant Still a Sweet Investment? Coca-Cola Beats Estimates and Deems Tariffs "Manageable"
Who's afraid of punitive tariffs?Not Coca-Cola (NYSE: KO), it seems. The beverage titan -- and, by the way, longtime stock holding of Warren Buffett's influential Berkshire Hathaway -- just posted first-quarter results and stated the current trade war will have a negligible effect on its business. Let's take a glance at the quarter and dig into whether its shrug at the tariffs is justifiable.Coca-Cola popped the tab on its Q1 results Tuesday morning, revealing that it earned net revenue of $11.1 billion. That was down by 2% on a year-over-year basis, although overall global case unit volume rose at the same percentage rate. Continue reading
Who's afraid of punitive tariffs?
Not Coca-Cola (NYSE: KO), it seems. The beverage titan -- and, by the way, longtime stock holding of Warren Buffett's influential Berkshire Hathaway -- just posted first-quarter results and stated the current trade war will have a negligible effect on its business. Let's take a glance at the quarter and dig into whether its shrug at the tariffs is justifiable.
Coca-Cola popped the tab on its Q1 results Tuesday morning, revealing that it earned net revenue of $11.1 billion. That was down by 2% on a year-over-year basis, although overall global case unit volume rose at the same percentage rate.
