Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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Coca-Cola’s earnings top expectations as sales volume recovers from pandemic

A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the beverage giant’s sales at restaurants, theaters and other venues recovered from the pandemic. Here’s what the company reported, versus what Wall Street analysts surveyed by Refinitiv expected: Adjusted earnings per share: 70 cents, versus 67 cents expected Adjusted revenue: $11.3 billion versus $10.56 billion expected The Atlanta-based maker of Sprite, Dasani and Minute Maid said it now expects organic…

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Jack-and-Coke in a can: Coca-Cola and Brown-Forman team up for new drink

Brown-Forman and The Coca-Cola Company announce plans to debut Jack Daniel’s® Tennessee Whiskey and Coca-Cola®™ Ready-to-Drink Cocktail Courtesy: Coca-Cola Company Coca-Cola is teaming up with Jack Daniel’s distiller Brown-Forman to make a Jack-and-Coke cocktail in a can. It marks the fourth new alcoholic drink in Coke’s portfolio in less than two years, but the first pairing for its namesake soda. The Atlanta-based beverage giant has already partnered with Molson Coors Beverage on Topo Chico Hard Seltzer and Simply Spiked Lemonade, which launched this month, and Constellation Brands on Fresca Mixed…

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Surging prices force consumers to ask: Can I live without it?

A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to miss out on visiting her family. The 40-year-old paralegal, who lives in the Bronx and works in the financial district of Manhattan, is finding there are other things she can do without. “I do bring…

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Coca-Cola is about to report earnings. Here’s what to expect

A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen. Artur Widak | NurPhoto | Getty Images Coca-Cola is expected to report its fourth-quarter results before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 41 cents expected Revenue: $8.96 billion expected Last quarter, Coke saw a strong demand for its drinks return as consumers began visiting restaurants, movie theaters and sports arenas more regularly. However, the omicron variant may have reversed some of that progress. Roughly half of Coke’s…

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Coca-Cola CEO expects to see sporadic product shortages through 2022

James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola CEO James Quincey said Wednesday he expects to see sporadic shortages on grocery shelves through 2022. Like other food and beverage companies, Coke is dealing with snarls in the supply chain and higher commodity costs, which have resulted in some shortages. “My analogy would be it’s a bit like an earthquake,” Quincey said on CNBC’s “Squawk on the Street.”…

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Conservative group launches ad campaign against ‘woke capitalism,’ targeting CEOs by name

Doug Parker, CEO of American Airlines Adam Jeffery | CNBC A conservative group is launching an advertising campaign Tuesday designed to push back against what it sees as “woke capitalism,” spending more than a million dollars on ads targeting the CEOs of Coca-Cola, American Airlines and Nike. The ads are sharply critical of the CEOs on a range of issues ranging from childhood obesity to allegations of forced labor in China. Organizers say the campaign, which is being mounted by the conservative group Consumers’ Research, is designed to change the…

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Coca-Cola will raise prices to offset higher commodity costs

James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola will raise prices on its drinks to combat the impact of higher commodity costs. The beverage giant joins a number of other consumer giants, like Kimberly-Clark and J.M. Smucker, in hiking prices. While the move will help their profit margins, it may come at the expense of cash-strapped consumers who are still struggling from the economic impact of the…

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Here’s what to expect from Coca-Cola earnings

A worker restocks a display of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its first-quarter results before the bell on Monday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 50 cents Revenue: $8.63 billion Analysts are forecasting that Coke’s quarterly sales will rise less than 1% from a year ago, when the company first started to see an impact on its business from the…

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After calls to boycott Coca-Cola, CEO says the company has always opposed new Georgia voting law

James Quincey, President and CEO of Coca-Cola Co. The Coca-Cola Company President and Chief Operating Officer James Quincey. Coca-Cola CEO James Quincey said the company has always been against legislation in Georgia that restricts voter access, but is choosing to speak up publicly about it after the bill passed. “We always opposed this legislation,” Quincey told CNBC’s Sara Eisen on Wednesday’s “Power Lunch.” He added that the company has a long track record in Georgia, where it is based, of working with legislators and lobbying for itself or with alliances…

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