Coca-Cola CEO: Aluminum Tariffs Manageable Thanks to Plastic -- Market Talk

Dow Jones
13 Feb

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10