Coca-Cola Raises 2024 Forecast Due to Strong Q2 Results

Between April and June, sales rose by three percent to $12.4 billion (around €11.4 billion). Organically, which means adjusted for currency and portfolio changes, the growth was 15 percent. Analysts had expected a smaller increase. Coca-Cola continued to benefit from higher prices and increased sales.

The company's net profit fell by five percent to $2.4 billion, but the earnings per share adjusted for special factors increased by seven percent to $0.84, exceeding analysts' expectations.

The Coca-Cola stock gained 0.29 percent on the NYSE to reach 64.96 USD, reflecting investors' confidence in the positive development of the company.

Coca-Cola benefited from a combination of price increases and increased demand. These results highlight the company's ability to achieve growth and exceed its goals even in a challenging economic environment.

The optimistic annual forecast and solid quarterly results underscore Coca-Cola's strong market position and its ability to adapt to changing market conditions and continue generating growth.