Higher prices lift Coca-Cola, PepsiCo sales as they navigate cost inflation
New York (AFP) - Price hikes helped Coca-Cola score higher quarterly earnings Thursday as the soda giant also cited an uptick in sales at North American restaurants, entertainment and sports venues while Covid-19 restrictions eased. But Coca-Cola -- along with rival PepsiCo -- said rising costs could prove to be a headwind in 2022 even as both companies projected another year of organic sales growth. Pepsi expects "commodity, transportation and labor costs inflation to persist," executives said in a statement. "We plan to mitigate the impact of these pressures with our revenue management capa...