Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by price hikes and higher demand for its drinks.

Shares of the company rose 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: 68 cents adjusted vs. 64 cents expected
• Revenue: $10.96 billion adjusted vs. $10.8 billion expected

Coke reported first-quarter net income attributable to shareholders of $3.11 billion, or 72 cents per share, up from $2.78 billion, or 64 cents per share, a year earlier.

Excluding items, the beverage giant earned 68 cents per share.

Net sales rose 5% to $10.98 billion. Organic revenue, which strips out the impact of acquisitions and divestitures, climbed 12% in the quarter.

The company reiterated its prior forecast for 2023. It is projecting comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5% for 2023.