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Coca-Cola tops earnings estimates, hikes full-year outlook as demand for drinks climbs
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped Wall Street's estimates, fueled by higher demand for its drinks, thanks in part to the World Cup.
Summary
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped Wall Street's estimates, fueled by higher demand for its drinks, thanks in part to the World Cup. "We had, during the World Cup, really a great opportunity for us to shine our brands," CEO Henrique Braun said on CNBC's "Squawk on the Street" on Tuesday. "During the hydration breaks, Powerade was there."
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