The company is facing a challenging consumer environment as Americans pull back from spending. There are also concerns about the impact of GLP-1 weight-loss drugs.

Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable.”

Coca-Cola is serving up the defensive characteristics of its business model to investors weathering a brutal trade war. Shares of the beverage giant rose nearly 1% in premarket tr