Coca-Cola has raised its full-year 2026 guidance after second-quarter results came in stronger than expected, boosted by hydration breaks during World Cup matches that drove sales of sports drinks, particularly the Powerade brand. Comparable revenue in the second quarter rose about 6 percent to 13.37 billion dollars, beating the 13.16 billion dollars forecast by analysts polled by LSEG. Adjusted earnings per share came in at 97 cents, 5 cents above market expectations, and the adjusted operating margin improved to 35.6 percent from 34.7 percent a year earlier. Coca-Cola shares surged to a record high of 90.13 dollars, climbing as much as 7 percent intraday for the biggest one-day jump since June 2009. However, rising raw material costs, especially for aluminium cans and PET plastic bottles due to the impact of the war in Iran, remain a headwind, and the Indian market has faced severe aluminium can shortages, losing market share in the past quarter. Coca-Cola therefore raised its organic revenue growth target for full-year 2026 to about 5 percent, up from 4 to 5 percent previously, and lifted its earnings per share growth forecast to 9 to 10 percent from 8 to 9 percent.