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  • The Independent

    Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

    By Dee-Ann Durbin,

    4 hours ago

    https://img.particlenews.com/image.php?url=2kJ1PL_0uaIs4ko00

    Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.

    The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.

    Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.

    Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.

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