Coca-Cola (KO) Earnings See Another Double-Digit Price/Mix Increase

Coca-Cola (KO) sees another double-digit price/mix increase as the company continues to successfully pass through higher costs to consumers, notes Garrett Nelson. He recaps KO's earnings, as they were released today, premarket. It adjusted EPS came in at $0.68 versus an estimated $0.66 and its revenue came in at $11.00B versus an estimated $10.87B. KO also reiterated its 2023 organic growth of 7%-8%. He also compares KO to other beverage stocks including PepsiCo (PEP) and Keurig Dr. Pepper (KDP). Tom White then joins to demonstrates example trades using KO and PEP. Tune in to find out more about earnings and the stock market today.