Coca-Cola lifts annual forecasts on strong demand for sodas

SHARE NOW

July 28 (Reuters) – Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States.

The company expects organic revenue growth of about 5%, compared with its prior target of 4% to 5% growth.

Coca-Cola expects comparable earnings per share growth of 9% to 10%, compared with its earlier target of 8% to 9% growth.

(Reporting by Juveria Tabassum in Bengaluru and Alexander Marrow in London; Editing by Shinjini Ganguli)

Brought to you by www.srnnews.com