Coca-Cola+0.07%
Coca-Cola's Q2 revenue at $11.3B due to strong sales
The Coca-Cola Co. reported on Tuesday that its second-quarter net revenue increased 12% yearly, reaching $11.3 billion, beating analysts' expectations due to a strong sales performance that rebounded from the pandemic.
The company's earnings per share (EPS) were down 28% to $0.44 year-on-year. Operating income fell 22%, while the operating margin for the same period was 20.7%, lower than the 29.8% a year before.
"Our results this quarter reflect the agility of our business, the strength of our streamlined portfolio of brands, and the actions we've taken to execute for growth in the face of challenges in the operating and macroeconomic environment," said James Quincey, Chairman, and CEO of The Coca-Cola Company.
Coca-Cola shares gained 1.35% in the pre-market session following the report's release, selling at $63.03 as of 7:08 am ET.