Coca-Cola raised its outlook for adjusted earnings per share growth to a range of 9% to 10%, up from 8% to 9% previously. The beverage conglomerate posted a profit of $1.03 a share, up 16% from a year before, reflecting stronger demand in its core markets.

Stripping out certain one‑time items, adjusted per‑share earnings were 97 cents, ahead of the 93 cents anticipated by analysts, according to Fact Set. The company credited better concentrate sales, pricing, and product mix for the improvement, noting that premium offerings drove higher margins.

Revenue rose 7% to $13.4 billion, beating the $13.17 billion forecast by analysts surveyed by Fact Set. The increase was driven by higher volumes in North America and Asia, as well as price adjustments on key beverage lines.

The stronger concentrate sales and higher pricing underpin the revised outlook, indicating continued resilience in the beverage market despite competitive pressures and inflationary headwinds. Coca‑Cola’s focus on portfolio optimization and cost efficiencies is expected to sustain momentum into the third quarter.