Coca-Cola reported quarterly results that exceeded Wall Street projections and raised its full-year earnings guidance, driven by strong demand in key areas. North American volume rose 3% despite higher fuel prices squeezing consumer spending, indicating the company is outperforming some rivals in one of its main regions. The results were also boosted by greater sales and a worldwide marketing effort tied to the World Cup. Shares rose more than 3% in early trading following the report. Investors will now focus on whether the North American momentum continues and if the company can sustain its higher earnings estimate.
The Coca-Cola CompanyCoca-Cola beat earnings estimates and raised full-year guidance.
Coca-Cola Europacific Partners PLC