cocacola reported higher quarterly profits on monday boosted by price increases as it tweaks its product portfolio due to inflation in leading markets executives with the iconic soda brand described its home north american market as a mixed bag with inflation and higher mortgage rates countering low unemployment while the company has benefited from the reopening of chinas economy they added that activity is still below prepandemic levels and as higher consumer prices squeeze customers cocacola executives added in a call with analysts that some shoppers in europe are instead seeking out discount options theres plenty of uncertainty out there in terms of the direction of inflation both of the consumers reaction to it and the input side said chief executive james quincey cocacolas profits came in at 31 billion up 12 percent from the yearago period this was helped by a boost from its revenues of 11 billion up five percent sales volumes grew three percent thanks to increases at sporting events movie theaters and other awayfromhome venues the results were also boosted by an 11 percent jump in prices and mix of goods while cocacolas results topped analyst expectations it did not increase its fullyear forecast quincey described the results as strong but said the decision to maintain the companys outlook reflects a degree of uncertainty thats more elevated than precovid cocacolas strategy is to meet rising consumer demand in both the value and premium segments he added in the conference call with analysts the lowerend option could include bulk purchases while the premium slate includes the jack daniels  cocacola premixed canned cocktail as well as cocacola creations  limitededition beverages with colorful or special cans executives said there has been cost moderation in freight but that costs of sweeteners and juices are still high shares of cocacola rose 05 percent to 6436 in morning trading