Coca-Cola exceeded expectations
Coca-Cola has surpassed quarterly expectations largely due to increased consumer demand for Fanta and Fairlife products, leading to a revised annual organic revenue forecast.
The company reported a per-share earnings of 74 cents, beating the forecasted 70 cents, and revenue reached $11.30 billion, exceeding expectations of $11.01 billion. Despite a $760 million non-cash impairment for the Bodyarmor brand, net revenue increased by 3% and organic sales by 11%. CEO James Quincey noted a slow start in North America but saw improvement later in the quarter. Prices rose due to hyperinflation in some markets, with the company now expecting an 8-9% increase in organic revenue for the year while maintaining a forecast for 4-5% comparable profit growth.
Related news
Display 2.0 – the sales floor of the future
In-store display is becoming a smart device – we could…
Read more >Coca-Cola invites consumers to an unforgettable party with the slogan Share a Coke, Share the Music
Coca-Cola is celebrating the return of its “Share the Magic…
Read more >Coca-Cola changes its green marketing messages as a result of joint European action
The Consumer Protection Cooperation Network (CPC), a network of European…
Read more >Related news
A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >This is how you can keep your hair and skin healthy during the approaching summer heatwave
Styling, dyeing and blow-drying can all weaken the internal structure…
Read more >New cycle, stable operation, unchanged direction – ÖRT management has received trust
The General Assembly of the Hungarian Self-Regulatory Advertising Board (ÖRT)…
Read more >