The Coca-Cola Company released its second quarterly report for the current year. The producer of soft drinks showed good financial results, due to which it raised its profit forecasts for the second half of 2021.
The company’s stock rose after the report was released, reaching $57 MSC. The financial report showed that the company’s results in the second quarter of 2021 were better than before the pandemic. During the three-month period, Coca-Cola’s revenue rose 42% ($10.1 billion). In the second quarter of 2019, that figure was $9.997 billion. The company’s net income has increased 48% over the past 3 months.
On the back of positive financial results, Coca-Cola raised its projected organic revenue this year by 12-14%. In the first quarter of 2021, the figure did not exceed 10%.