Coca-Cola reported quarterly earnings and revenue that beat analysts' estimates. Earnings per share were above estimates at 72 cents adjusted, while revenue was above estimates at $11.30 billion. Coca-Cola raised its full-year outlook for organic revenue growth to 8 to 9%. Coke's global unit case volume rose by 1%, while its North American volume remained unchanged for the quarter. Coke's sparkling soft drinks and juice, dairy, and plant-based drinks segments saw a 2% increase in volume during the quarter, driven by strong demand in North America.
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00:00 It's Benzinga and here's what's on the block.
00:02 Coca-Cola reported quarterly earnings and revenue that beat analysts' estimates.
00:07 Earnings per share were above estimates at $0.72 adjusted while revenue was above estimates
00:11 at a little bit more than $11 billion.
00:14 Coca-Cola raised its full-year outlook for organic revenue growth to a range of 8 to
00:18 9%.
00:19 Coke's global unit case volume rose by 1% while its North American volume remained unchanged
00:24 for the quarter.
00:25 Coke's sparkling soft drinks, juice, dairy, and plant-based drink segments each saw a
00:29 2% increase in volume during the quarter driven by strong demand in North America.
00:34 Coke's water, sports, coffee, and tea division experienced a 2% decline in volume this quarter
00:39 due to decreased demand for bottled water, sports drinks, and coffee.
00:42 For all things money, visit Benzinga.com.
00:44 Bye.