1252 ET - Coca-Cola imports aluminium from Canada for its U.S. soda cans, though higher prices for the metal could scramble this operation, CEO James Quincey says on a call with analysts. The soda company wants to limit price hikes for consumers in order to preserve demand, which could lead to the company considering new bottling materials: "So for example, if aluminum cans become more expensive, we can put more emphasis on PET bottles," he says. This adaptability should ensure tariffs don't drag volumes lower in 2025. "I think we control enough variables that we can adapt and mitigate our way through what is happening, because it's a combination of hedging, which we use on the key materials," Quincey says. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 12:52 ET (17:52 GMT)
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