Coca-Cola reported that it raised its annual revenue forecast on July 26, after a better than expected report, that demand for its sodas went up despite price increases to combat rising costs.
The company’s second-quarter earnings for 2022 exceeded expectations, boosting investor confidence that the soda giant will be able to navigate through a period of high global inflation.
Global sales volumes rose 8 percent in the second quarter, the beverage manufacturer reported, with adjusted earnings of 70 cents a share on $11.3 billion in annual revenue.
Analysts had earlier expected earnings per share of 67 cents on revenue of $10.57 billion, compared to earnings per share of 68 cents on revenue of $10.1 billion, the same time a year ago….