Coca-Cola's second-quarter sales exceeded expectations and the company raised its full-year guidance.
Coca-Cola Co.’s second-quarter sales exceeded expectations and the company raised its full-year guidance, as decades-high inflation and higher prices found consumers around the world still willing to pay more for beverages.
Murphy, who last week was named president of the company, said that higher prices are likely in the months ahead as Coca-Cola will continue “to think about pricing in the context of the inflationary environment.” Earnings were 70 cents a share in the second quarter, excluding some items. Analysts were looking for 67 cents, on average.
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