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Coca-Cola Hits Record High Numbers

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Coca-Cola Hits Record High Numbers

Coca-Cola beats an intraday record high in early trading in the wake of surpassing second-quarter earnings estimates. The Soft Drink Company has raised revenue forecast of full-year 2019, per Business Insider.

The company said the reason that quarterly growth rise was mostly because of its soft-drink sales. Coca-Cola Zero Sugar has again seen its double-digit global volume growth for the seventh consecutive quarter.

In the last quarter, the company has also launched new canned coffee drinks and a Coca-Cola energy drink.

The Company is planning to spread its Costa Coffee drink to 10 countries in 2020 and to sell its Coca-Cola Energy cans in 20 countries by the end of 2019. These products of the company are not available in the U.S.

Coke additionally got a lift universally, as worldwide unit case volume rose 3%, which includes a 7% increase in Asia.

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