Image Source by GOOGLE
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The company is set to project sluggish growth and a flat net income in the first quarter of FY 2023-24
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Inflation happens to be one of the major factors for the decline in the growth as consumers curtail purchases
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The hike in the exchange rates of the currency and business suspension in Russia is said to contribute to the loss
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Coca-Cola is expected to post first-quarter earnings of $2.8 billion, or 64 cents a share, same as last year
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Revenue growth is expected to slow worldwide, but nowhere more than in Europe where sales probably fell 3%
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The value of the company’s products sold, represented by its price/mix ratio, is projected to come in at 9.9%
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Coca-Cola shares are up 1% so far this year, underperforming both the S&P 500 (up about 9%) as per reports
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