Coca-Cola raises annual sales, profit forecasts on steady demand
KOCoca-Cola(KO) Fox Business·2024-07-23 20:55

Coca-Cola raised its annual organic sales and profit forecasts on Tuesday, signaling consumers are willing to spend more for the beverage giant's higher-priced sodas, energy drinks and juices mainly in international markets. The company's shares rose nearly 1% in premarket trading as the company also posted a surprise increase in quarterly revenue.Coca-Cola has been foraying into newer regions in Asia and Europe to keep its revenue growth intact and launching reformulated versions of its drinks such as Coke ...