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Coca-Cola hikes earnings outlook, even as it sees lackluster demand in North America
Coca-Cola on Tuesday raised its full-year outlook for the third straight quarter, despite lackluster demand in its home market.
Summary
Coca-Cola on Tuesday raised its full-year outlook for the third straight quarter, despite lackluster demand in its home market. For the full year, Coke now expects comparable earnings per share to grow at least 11%, up from its prior forecast of an increase in the range of 9% to 10%. The beverage giant also anticipates that its organic revenue will climb at least 5%, a slight increase from its previous outlook of approximately 5% growth.
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