Industry behemoth The Coca-Cola Company (KO) is poised to announce its third-quarter results later this month. The company, which surpassed estimates in the previous quarter, has subsequently raised its outlook for the fiscal year.
For 2023, KO has revised its expected growth for comparable adjusted earnings per share, raising this from 4-5% to now between 5-6%. This upward trend extends to its prognosis for organic revenue, which has been upgraded to anticipate a rise of 8-9%, an increase from the formerly predicted range of 7-8%.
