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    Home > Food News > Food Articles > Coca-Cola will raise prices due to rising raw material prices to ease cost pressures

    Coca-Cola will raise prices due to rising raw material prices to ease cost pressures

    • Last Update: 2021-04-22
    • Source: Internet
    • Author: User
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    The world's largest foodmate.
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    html" class="zdbq" title="Coca-Cola related food information" target="_blank">Coca-Cola CEO James · Quincy (James Quincey) In an interview with foodmate.
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    related food information" target="_blank">American foodmate.
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    html" class="zdbq" title="Consumer-related food information" target="_blank">consumers when News and Business Channel (CNBC) interview, due to raw material foodmate.
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    html" class="zdbq" title="Price related food information" target="_blank">price increases, the company intends to raise prices.
     
    Quincy said: "We have good hedging measures in 2021, but the pressure in 2022 is increasing, so prices must rise.
    "
     
      He pointed out that the company expects the cost of goods to rise in 2022.
    He also pointed out that Coca-Cola intends to "wisely" manage price increases.
     
      At the same time, Quincy did not specify which of the company's products will increase prices.
    According to CNBC reports, the last time the company announced a price increase was in 2018, citing rising aluminum prices.
     
      Earlier, Coca-Cola released its financial report.
    The financial report showed that the net profit attributable to the company’s shareholders fell 19% to $2.
    25 billion in the first quarter.
    Coca-Cola pointed out that in the first quarter, the uncertainty caused by the new crown epidemic eased, thanks to the market recovery, sales volume improved every month.
     
      The Coca-Cola Company was founded in 1892 and is headquartered in Atlanta, Georgia.
    The company's most famous brands are Coca-Cola, Fanta and Sprite.
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    html" class="zdbq" title="Soft drink related food information" target="_blank">Soft Drink foodmate.
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    html" class="zdbq" title="Price related food information" target="_blank">Price
     
      Quincy said: "We have good hedging measures in 2021, but the pressure in 2022 is increasing, so prices must rise.
    "
     
      He pointed out that the company expects the cost of goods to rise in 2022.
    He also pointed out that Coca-Cola intends to "wisely" manage price increases.
     
      At the same time, Quincy did not specify which of the company's products will increase prices.
    According to CNBC reports, the last time the company announced a price increase was in 2018, citing rising aluminum prices.
     
      Earlier, Coca-Cola released its financial report.
    The financial report showed that the net profit attributable to the company’s shareholders fell 19% to $2.
    25 billion in the first quarter.
    Coca-Cola pointed out that in the first quarter, the uncertainty caused by the new crown epidemic eased, thanks to the market recovery, sales volume improved every month.
     
      The Coca-Cola Company was founded in 1892 and is headquartered in Atlanta, Georgia.
    The company's most famous brands are Coca-Cola, Fanta and Sprite.
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