Current:Home > reviewsCoca-Cola raises full-year sales guidance after stronger-than-expected second quarter -Summit Capital Strategies
Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
Charles Langston View
Date:2025-04-09 15:36:42
Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.
The Atlanta beverage giant said Tuesday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.
Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.
Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.
Before the opening bell, shares of The Coca-Cola Co. rose slightly.
veryGood! (43)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Warming Trends: Bill Nye’s New Focus on Climate Change, Bottled Water as a Social Lens and the Coming End of Blacktop
- Netflix has officially begun its plan to make users pay extra for password sharing
- Julia Roberts Shares Rare Photo Kissing True Love Danny Moder
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Kate Spade 24-Hour Flash Deal: Get This $400 Satchel Bag for Just $89
- Study Underscores That Exposure to Air Pollution Harms Brain Development in the Very Young
- The debt ceiling deadline, German economy, and happy workers
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Residents and Environmentalists Say a Planned Warehouse District Outside Baltimore Threatens Wetlands and the Chesapeake Bay
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Puerto Rico Is Struggling to Meet Its Clean Energy Goals, Despite Biden’s Support
- Bachelor Nation's Jason Tartick Shares How He and Kaitlyn Bristowe Balance Privacy in the Public Eye
- Soaring pasta prices caused a crisis in Italy. What can the U.S. learn from it?
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Save 57% On Sunday Riley Beauty Products and Get Glowing Skin
- A Dream of a Fossil Fuel-Free Neighborhood Meets the Constraints of the Building Industry
- An EPA proposal to (almost) eliminate climate pollution from power plants
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
In a Bid to Save Its Coal Industry, Wyoming Has Become a Test Case for Carbon Capture, but Utilities are Balking at the Pricetag
Vice Media, once worth $5.7 billion, files for bankruptcy
An Energy Transition Needs Lots of Power Lines. This 1970s Minnesota Farmers’ Uprising Tried to Block One. What Can it Teach Us?
Buckingham Palace staff under investigation for 'bar brawl'
Pregnant Kourtney Kardashian Shows Off Her Baby Bump Progress in Hot Pink Bikini
Racing Driver Dilano van ’T Hoff’s Girlfriend Mourns His Death at Age 18
Bots, bootleggers and Baptists