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

2024-12-25 00:38:31 source: category:Scams

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:Scams

Recommend

Georgia lawmaker proposes new gun safety policies after school shooting

ATLANTA (AP) — A Georgia state Senate Democrat wants to make it a crime for people to give children

A Nashville guide for those brought here by Beyoncé: Visit these Music City gems

Beyoncé's new album "Cowboy Carter" appears to be a reclamation of country music, and it's led to i

Post Malone teases country collaboration with Morgan Wallen: 'Let's go with the real mix'

Post Malone is getting his yeehaw groove on with the help of a friend.The Grammy-nominated singer an