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Stock price hit a new high after the performance! Why does Warren Buffett love Coca-Cola for 34 years?

So far this year, the S&P 500 (purple line) has fallen by 9.86%, while Coca-Cola has surged by 12.22%, significantly outperforming the index.

Inflation is high! How did Coca-Cola deliver the goods?

Specifically, Coca-Cola reported net income of US$2.8 billion in the first quarter, up 24% year-over-year. Comparable earnings per share were US$0.64, up 16% year-over-year and higher than the market's estimate of US$0.58.

Net income for the quarter was US$10.5 billion, up 16% year-over-year and ahead of market expectations of US$9.8 billion, driven by a 7% improvement in price mix and an 11% improvement in concentrate sales.

In the eyes of the stock market gods, Coca-Cola is the perfect anti-inflation product that can easily raise prices, expand at low cost and generate a steady stream of cash flow. A company like this, even if its production facilities were to be scrapped, could still recover with the Coca-Cola brand and a paper recipe.