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As the beverage giant’s sales at restaurants, theatres, and other venues recovered from the epidemic, Coca-Cola on Tuesday revealed quarterly profitability that above estimates.
The Minute Maid, Dasani, and Sprite manufacturer in Atlanta said it now anticipates organic revenue growth of 12 to 13 percent for the entire year, up from its prior projection of 7 to 8 percent.
It did, however, take notice of the higher-than-anticipated rate of inflation in commodity prices and reaffirmed its prediction for comparable profits per share to increase by 5 to 6 percent from a year ago.
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