Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

AP Business Writer

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter. The Atlanta beverage giant said it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously. Coke said Monday its revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated.  Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast. Coke said its unit case volumes rose 2% globally. Coke’s prices rose 9% globally, partly due to hyperinflation in markets like Argentina and Nigeria.