Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable.”
Coke and other beverage makers are facing a 25% tariff on the aluminum they use for cans, among other items. Last week, rival PepsiCo lowered its full-year earnings expectations due to the impact of tariffs.
Coke’s Chairman and CEO James Quincey said in February that the company could shift aluminum suppliers, rely more heavily on plastic or glass bottles and take other measures to counteract the tariffs.
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