Why Coca-Cola Stock Climbed to an All-Time High Today
The Motley Fool
Coca-Cola shares reached record highs after the company reported that its World Cup marketing campaign boosted sales and profits. The beverage giant saw trademark Coca-Cola volumes up 5%, Powerade up 8%, and Coca-Cola Zero Sugar up 16%. Operating income increased 9% to $4.7 billion with adjusted earnings per share jumping 11% to $0.97, exceeding Wall Street estimates of $0.93. Management raised its full-year outlook, projecting 5% organic revenue growth and 9-10% adjusted earnings-per-share grow...
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