Coca-Cola raised its full-year revenue and earnings forecasts after beating second-quarter estimates on strong demand for zero-sugar drinks, higher prices and FIFA World Cup-driven sales. Shares jumped nearly 7% to a 52-week high as revenue exceeded analyst expectations.
Coca-Cola raised its full-year revenue and earnings forecasts after beating second-quarter estimates on strong demand for zero-sugar drinks, higher prices and FIFA World Cup-driven sales. Shares jumped nearly 7% to a 52-week high as revenue exceeded analyst expectations.
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Coca-Cola shares surged 6.9% to $89.89 on Tuesday, touching a 52-week high of $90.01 after the beverage giant raised its full-year forecasts and beat second-quarter estimates, supported by resilient US demand and a FIFA World Cup sales boost, according to a Reuters report.Coca-Cola lifted its 2026 organic revenue growth forecast to about 5% from 4%–5% and raised its comparable earnings-per-share growth outlook to 9%–10% from 8%–9%.The second-quarter net revenue rose 7% to $13.37 billion, ahead …
