Stock Spotlight: Coca-Cola's shares fall flat despite overcoming bubbling inflation

Annual results above expectations

Coca-Cola, the world’s largest manufacturer of fizzy drinks, has spent the last year battling inflation and the cost-of-living, but continues to take a “glass half full” outlook on the year ahead.

Coca-Cola reported its annual results last week, reporting an organic revenue growth of about 7%, with comparable earnings per share growth of 4% to 5%, beating expectations of growth below 3%. The company's share price has held steady in recent months despite market turmoil, having dropped just 3.5% in the last year, according to data from Morningstar. Garry White, chief investment commentator for Charles Stanley, noted that despite inflation and the cost-of-living crisis, sales of fizzy drinks have proved resilient. Stock Spotlight: Boeing flies steady after overcoming turbulen...