Coca-Cola: raises forecasts, gains market share
(CercleFinance.com) - Coca-Cola has reported better-than-expected Q2 results on Tuesday, having raised its full-year targets following market share gains.
The Atlanta-based group reported net sales of $12.4bn, up 3%, for Q2 to end-June, including organic growth of 15%.
This exceeds the consensus of $11.8bn.
Excluding exceptional items, EPS rose by 7% to $0.84, while the market was expecting $0.81 per share.
For FY 2024, the group now expects organic growth of 9% to 10%, with EPS growth of 5% to 6%.
The share price was up around 1.5% in pre-market trading on Wall Street following this publication.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The Atlanta-based group reported net sales of $12.4bn, up 3%, for Q2 to end-June, including organic growth of 15%.
This exceeds the consensus of $11.8bn.
Excluding exceptional items, EPS rose by 7% to $0.84, while the market was expecting $0.81 per share.
For FY 2024, the group now expects organic growth of 9% to 10%, with EPS growth of 5% to 6%.
The share price was up around 1.5% in pre-market trading on Wall Street following this publication.
Copyright (c) 2024 CercleFinance.com. All rights reserved.