Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases

Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases
Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, on Feb. 5, 2018. Regis Duvignau/Reuters
Reuters
Updated:

Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will increase prices this year to tackle an increase in costs.

Most companies have hiked prices in a bid to pass on some of these costs to their consumers. Although a cost of living crisis has seen a shift in consumer spending, packaged beverage and food makers have continued to see resilient demand.