Coca-Cola boosts full-year outlook on higher prices

Revenue was $12.3bn (€11.3bn) in the period, above the average analyst estimate, while earnings per share of 84 cents surpassed expectations for 81 cents

While consumers have begun to resist higher prices on some grocery items, Coca-Cola has continued to increase prices for its beverages.

Coca-Cola raised its full-year outlook as higher prices bolstered the soft-drink giant’s performance.

The Atlanta-based company now sees organic revenue growth, which strips out currency volatility and other items, in a range of 9% to 10% this year, above the previous projection in April for 8% to 9%.