Consumer
Coca-Cola Beats, Boosts Full-Year Outlook on Higher Prices
- Organic revenue for quarter was 15%, well above estimates
- Consumer sentiment ‘is actually pretty strong’: CEO Quincey
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Coca-Cola Co. raised its full-year outlook as higher prices bolstered the soft-drink giant’s performance.
The Atlanta-based company now sees organic revenue growth, which strips out currency volatility and other items, in a range of 9% to 10% this year, above the previous projection in April for 8% to 9%.