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

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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.

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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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