Coca-Cola Q2 results: Net income jumps 58% to $3.8 billion; higher prices offset weaker global volumes
Coca-Cola's net income surged 58% to $3.8 billion in the second quarter, despite a 1% dip in global case volumes. Higher prices offset sluggish sales, particularly in Latin America, while revenue edged up 1% to $12.5 billion. The company anticipates full-year adjusted earnings growth of 8%, a slight adjustment from previous forecasts, with Coca-Cola Zero Sugar showing strong volume growth.
Coca-Cola's net income surged 58% to $3.8 billion in the second quarter, despite a 1% dip in global case volumes. Higher prices offset sluggish sales, particularly in Latin America, while revenue edged up 1% to $12.5 billion. The company anticipates full-year adjusted earnings growth of 8%, a slight adjustment from previous forecasts, with Coca-Cola Zero Sugar showing strong volume growth.
