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Shares of the world’s largest soda maker rose 2% in early trading.
Revenue in Coca-Cola (NYSE:KO)’s North America business rose 28% in the second quarter, helped by the vaccine-aided reopening of public venues and easing of capacity restrictions across the United States.
The company said it expects annual organic revenue to rise 12% to 14%, compared with its prior forecast of a high single digits increase.
Annual adjusted earnings per share are expected to rise 13% to 15%, compared with a prior forecast of a high single digits to low double digits increase.
Net revenue rose 42% to $10.1 billion in the second quarter ended July 2. The company had reported a 28% slump in total net revenues in the year-ago quarter due to the lockdowns.
