Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises

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Coke beat earnings estimates and raised its outlook, as volume grew globally.

Unit case volume grew globally, but dipped slightly in North America.For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to 6% from a previous range of 4% to 5%.Revenue: $12.36 billion versus $11.76 billion expected

Excluding restructuring costs, charges related to the value of the Fairlife milk brand and other items, the beverage giant earned 84 cents per share.rose 3% to $12.36 billion. Organic revenue, which strips out acquisitions, divestitures and foreign currency, climbed 15% in the quarter. But in North America, volume fell 1% for the quarter. Coke said North American volume declined for its water, sports, coffee tea, trademark Coca-Cola and other soda brands, offsetting growth for its juice, dairy and plant-based beverages. Coke's rival

 

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