Coca-Cola lifts annual forecasts on strong demand for sodas
KO•Coca-Cola raises annual revenue and profit forecasts
Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States.
The company expects organic revenue growth of about 5%, compared with its prior target of 4% to 5% growth.
Coca-Cola expects comparable earnings per share growth of 9% to 10%, compared with its earlier target of 8% to 9% growth.
