Why Coca-Cola Shares Are Ticking Higher Today
Portfolio Pulse from Shivani Kumaresan
Coca-Cola Co reported Q2 FY23 sales growth of 6% YoY to $11.97 billion, beating the consensus of $10.56 billion. The company also raised its FY23 organic revenue growth outlook from 7%-8% to 8%-9%. KO shares are trading higher by 1.25% at $63.03 in premarket.
July 26, 2023 | 11:50 am
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Coca-Cola reported strong Q2 FY23 results and raised its FY23 revenue growth outlook, leading to a rise in its stock price.
Coca-Cola's better-than-expected Q2 FY23 results and raised FY23 outlook are positive news for the company, which is likely to have a positive impact on its stock price in the short term.
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