Coca-Cola lifts full-year revenue guidance
By Michele Maatouk
Date: Tuesday 26 Jul 2022
(Sharecast News) - Coca-Cola lifted its full-year revenue guidance on Tuesday as it posted a rise in second-quarter revenues.
Net revenues grew i12% in Q2 to $11.3bn, with organic revenues up 16%.
Sales of sparkling soft drinks rise 8%, driven by growth across all geographic operating segments, primarily led by India, Mexico and Brazil. At the same time, trademark Coca-Cola sales were up 7%, driven by growth across all geographic segments and operating units.
Coca-Cola Zero Sugar sales were 12% higher, with double-digit growth across developed, developing and emerging markets.
Chairman and chief executive James Quincey said: "Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we've taken to execute for growth in the face of challenges in the operating and macroeconomic environment."
The company said it now expects to deliver full-year organic revenue growth of between 12% and 13%, up from previous guidance of 7% to 8%.
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