Shares of Coca-Cola jumped 3.5% in pre-market trade after the soft drink giant surpassed Street estimates with its second-quarter results and raised its annual guidance against the backdrop of a sales boost triggered by the FIFA World Cup.
The company formally increased its full-year 2026 organic sales growth prediction to roughly 5% on Tuesday. About an hour before Wall Street opened, the scrip was trading 3.49% higher at $87 apiece.
Coca-Cola anticipates organic revenue growth of approximately 5% in 2026, as against its previous goal of 4% to 5% growth. The company also anticipates comparable earnings per share growth of approximately 9% to 10%, as against the previous forecast of 8% to 9%.
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Coca-Cola has been FIFA's official beverage sponsor for a long time. The firm reported that during the quarter ending July 3, its World Cup 2026 marketing helped increase the volume of its trademark Coca-Cola and energy drink Powerade.
The company is wagering on the robust demand in the US for both its fairlife milk brand and its sugar-free drinks, according to a report by Reuters.
The beverage giant's second-quarter comparable revenue increased by around 6% to $13.37 billion, exceeding projections of $13.16 billion.
Revenues were boosted by the company's investments in other beverages, such as milk from its Fairlife brand and ready-to-drink teas.
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