Coca-Cola Raises Full-Year Profit Outlook for Third Straight Quarter as Global Volumes Offset North American Softness

The Coca-Cola Company on Tuesday lifted its full-year earnings and revenue guidance for the third consecutive quarter, signaling confidence in its international portfolio even as its North American market remains flat. The Atlanta-based beverage giant now expects comparable earnings per share to grow at least 11% for the full year, up from a prior range of 9% to 10%, while organic revenue is projected to climb at least 5%, a modest improvement from its previous “approximately 5%” forecast.

Shares advanced about 1% in premarket trading following the announcement, reflecting investor relief that the company’s diversified global footprint continues to absorb domestic headwinds from inflation-weary consumers.

Third-Quarter Results Beat Wall Street Estimates

For the quarter ended September 29, Coca-Cola reported adjusted earnings of 91 cents per share on net revenue of $13.4 billion, surpassing analyst ...