Coke’s broadening palate drives sales
Posted July 23, 2019 5:33 am.
This article is more than 5 years old.
ATLANTA — Coca-Cola is upping its revenue expectations for the year with its new lines of healthier drinks continuing to win over fans and its namesake brand experiencing growth as well.
The world’s largest drink company posted second-quarter earnings of $2.61 billion, or 61 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share, which is a penny better than expected, according to analysts surveyed by Zacks Investment Research.
Revenue was $10 billion, also beating expectations.
Shares of Coca-Cola Co. rose 2 per cent before the opening bell Tuesday after the Atlanta company projected organic revenue growth of 5%.
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Portions of this story generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO
The Associated Press
