Overnight we saw Coca-Cola (KO US) beat 3rd quarter profit estimates and the beverage giant raised guidance for the year. Interestingly this is one company that has benefitted from rising inflation as value-conscious consumers don’t forgo their sugar fixes as they successfully bundled different sizes and mixes for today’s consumer. The company now sees organic revenue growth of 14-15% which sent shares up around +2.5%.
- MM believes stocks that lift earnings in today’s tough environment should outperform through 2023.
MM is mildly bullish on Coca-Cola into Christmas
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