Coca-Cola raises profit forecast as premium drinks, sodas hold strong
Coca-Cola has lifted its annual profit forecast, driven by robust demand for a range of beverages, particularly zero-sugar options. The company now anticipates earnings per share growth of at least 9% by 2026. Their third-quarter revenue soared to $13.38 billion, exceeding analysts' expectations, while Coca-Cola's strong showing stands in sharp contrast to PepsiCo's recent downgrades and...
Key Takeaways
- Coca-Cola has lifted its annual profit forecast, driven by robust demand for a range of beverages, particularly zero-sugar options.
- The company now anticipates earnings per share growth of at least 9% by 2026.
- Their third-quarter revenue soared to $13.38 billion, exceeding analysts' expectations, while Coca-Cola's strong showing stands in sharp contrast to PepsiCo's recent downgrades and cost-cutting plans.
Coca-Cola has lifted its annual profit forecast, driven by robust demand for a range of beverages, particularly zero-sugar options. The company now anticipates earnings per share growth of at least 9% by 2026. Their third-quarter revenue soared to $13.38 billion, exceeding analysts' expectations, while Coca-Cola's strong showing stands in sharp contrast to PepsiCo's recent downgrades and cost-cutting plans. Following these promising results, Coca-Cola shares rose nearly 1% in premarket trading.
Original Publisher Attribution
This summary was curated from Economic Times.