Coca-Cola reported a 5% year-on-year increase in net revenues of $9 billion, beating analysts’ estimates of $8.6 billion. The beverage giant reported 1Q non-GAAP EPS of $0.55 that came in ahead of consensus estimates of $0.50. The company acknowledged that, “The path to recovery, however, remains asynchronous around the world.” Coca-Cola’s (KO) Chairman and CEO, James Quincey said, “We remain focused on emerging stronger and executing against our growth accelerators during the recovery phase. We are pleased with the progress we are making.
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