Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

2024-12-25 10:27:59 source:lotradecoin investments category:News

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.

The Atlanta beverage giant said Tuesday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.

Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.

Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.

Before the opening bell, shares of The Coca-Cola Co. rose slightly.

More:News

Recommend

Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Dropping Hints

There are spoilers ahead. You might want to solve today's puzzle before reading further! Dropping Hi

Abortion access on the ballot in 2024

While the Supreme Court's 2022 decision to overturn Roe v. Wade eliminated the national right to abo

A guide to the perfect Valentine's Day nails, from pink French tips to dark looks

Valentine's Day is a day for love, chocolate, good food and perhaps nailing down that perfect manicu