Coca-Cola (KO)

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1Q Earnings

Coca Cola raised its annual organic sales forecast on Tuesday (Apr 30) after beating first-quarter revenue and profit expectations as customers shell out more money for its pricey sodas and juices globally.

The soda giant is seeing demand in the US surge mainly in the away-from-home category as consumers venturing out for movies and dining are willing to spend on its higher-priced sodas and juices.

Both Coca-Cola and PepsiCo are also enjoying buoyant demand in international markets such as Europe and Latin America, where relaunches of Georgia Coffee and Sprite reformulations have helped bump up sales.

Source: Phillips