Coca-Cola raises outlook after increased demand

Beverage maker served as a major sponsor of the World Cup

Coca-Cola brand Diet Coke, Coke, Sprite, and Fanta. Picture: Bloomberg

Coca-Cola raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the World Cup.

Atlanta-based Coca-Cola now sees organic sales growth of 5%, compared with a previous forecast of 4% to 5%. It also raised its forecast for earnings-per-share growth to as much as 8%, up 1 percentage point.