Coca-Cola Surpasses Q2 Estimates, Boosts Annual Forecast
The beverage giant reports strong global sales, despite challenges in North America and Asia.
- Q2 revenue reached $12.4 billion, a 3% increase year-over-year, beating analyst expectations.
- Adjusted earnings per share rose to $0.84, exceeding forecasts of $0.81 per share.
- Strong performance in Latin America and Europe offset a 1% volume decline in North America.
- Coca-Cola raised its full-year organic sales growth forecast to 9%-10%, up from 8%-9%.
- New product launches and strategic marketing campaigns contributed to the robust results.