Coca-Cola, a staple in American history since 1892, is closing several facilities despite reporting strong sales growth. This decision affects nearly 900 employees, raising questions about the reasons ...

Looking at Q4 2022, Coca-Cola’s sales of $10.1 billion reflected a 7% y-o-y growth, driven by a 2% rise in concentrate sales and a 12% rise in price/mix, partly offset by -8% currency translation.

While Coca-Cola maintains a firm lead in pricing power, rivals like PepsiCo Inc. PEP and Keurig Dr Pepper Inc. KDP are stepping up their game. Is the competitive gap starting to narrow?

During that 10-year stretch, Coca-Cola flexed its pricing power on many different occasions. Nonetheless, the stock failed to outperform the broad benchmark.