Beverage giant Coca-Cola (KO) has reported quarterly financial results that beat Wall Street forecasts across the board as demand for its drinks rises.
The Atlanta, Georgia-based company announced earnings per share (EPS) of $0.55 U.S., which topped the $0.52 U.S. consensus expectation of analysts.
Revenue in the period totaled $11.54 billion U.S., which was above the $10.68 billion U.S. anticipated on Wall Street. Sales increased 6% from a year earlier.
The soft drink maker attributed the strong results to its expansion in emerging markets such as India and partnerships in North America.
In the U.S., Coca-Cola’s partnerships with fast-food chains such as McDonald’s (MCD) have helped to drive sales.
Coke has also invested in its sparkling water label Topo Chico and Fairlife milk.
Looking ahead, the company said it expects organic revenue growth for 2025 of 5% to 6%. That’s about half the 12% growth achieved for all of 2024.
However, Coca-Cola’s 2025 guidance is at the higher end of the company’s long-term organic revenue growth target of between 4% and 6%.
The stock of Coca-Cola has risen 8% over the past 12 months to trade at $64.55 U.S. per share.
