The company's share price rose by almost 1% in pre-market trading as the company also reported a surprise increase in quarterly revenues.
This involves presence in new markets in Asia and Europe and the introduction of new versions of drinks such as Coke Spiced and Georgia Coffee.
As stated by the manufacturer, among others: Sprite brand, prices increased by an average of 9% in the second quarter, while global volumes increased by 2%.
Coca-Cola is getting ready for higher sales
Coca-Cola forecasts fiscal 2024 organic sales to grow 9% to 10%, compared to prior expectations of 8% to 9% growth. The company expects fiscal 2024 adjusted earnings to grow 5% to 6%. compared to the previous forecast of 4% to 5% growth.
Coca-Cola's second-quarter net revenue rose 2.9% to $12.31 billion. The company earned 84 cents per share, compared to estimates of 81 cents.
