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Coca-Cola raises full-year outlook as earnings beat estimates

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Coke has been raising prices across its portfolio, including another round of hikes during the first quarter.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $11.97 billion adjusted vs. $11.75 billion expected

The beverage giant reported second-quarter net income attributable to shareholders of $2.55 billion, or 59 cents per share, up from $1.91 billion, or 44 cents per share, a year earlier.Net sales rose 6% to $11.97 billion. The company's organic revenue, which strips out the impact of acquisitions and divestitures, increased 11% in the quarter, fueled by higher prices.For 2023, Coke now expects comparable earnings per share growth of 5% to 6%, up from its prior forecast of a 4% to 5% rise.

Like many food and beverage companies, Coke has been hiking prices on its products in response to higher commodity costs. In

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