Coca-Cola (NYSE:KO): This Recession-Resistant Stock is Worth Considering
04 Novembro 2022 - 07:22AM
TipRanks
Beverage giant Coca-Cola (NYSE:KO) has fared better than the
broader market so far. The company is often considered
recession-resistant as the demand for its products is not
significantly impacted by an economic downturn. Coca-Cola’s Q3
results and upgraded guidance reflect the company’s pricing power
and the resilience of its business model. Moreover, the company’s
consistent dividends make it an attractive pick. Coca-Cola’s
Guidance Reflects Resilience Coca-Cola’s Q3 revenue
grew 10% to $11.1 billion (organic revenue growth of 16%), while
adjusted EPS increased 7% to $0.69.
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Coca Cola (NYSE:KO)
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Coca Cola (NYSE:KO)
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