(Reuters) – Coca-Cola Co on Tuesday forecast 2023 profit above analysts’ estimates, betting on resilient demand for its sodas despite multiple price hikes to tackle rising costs.
The company forecast full-year adjusted earnings per share to rise between 4% and 5%, compared to analysts estimates of 2.96% growth, according to IBES data from Refinitiv.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)
