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Coca-Cola (KO) Q2 2024 earnings

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Coca-Cola (KO) Q2 2024 earnings

Coca-Cola beverages are offered for sale in Chicago on April 30, 2024.

Scott Olson | Getty Images

Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.

Shares of the company rose more than 1% in premarket trading.

Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Adjusted earnings per share: 84 cents, may not compare with 81 cents expected
  • Revenue: $12.36 billion, may not compare with $11.76 billion expected

Coke reported second-quarter net income attributable to shareowners of $2.41 billion, or 56 cents per share, down from $2.55 billion, or 59 cents per share, a year earlier.

Excluding items, the beverage giant earned 84 cents per share.

Net sales rose 3% to $12.36 billion.

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