Coca-Cola forecasts profits will grow after price increases

Coca-Cola forecast full-year adjusted earnings per share to rise between 4% and 5%.

Coca-Cola has forecast that profit will grow this year well above analysts' expectations, as demand for its drinks remains resilient in the face of multiple price hikes to tackle higher costs.

Coca-Cola's near duopoly in the global carbonated drinks market along with PepsiCo has made it easier for the company to raise prices over the last few quarters to counter higher freight, commodity, and staff costs.