The world’s largest beverage maker has grown consistently for years because of major gains in emerging overseas markets, coupled with steady sales in established markets.
(Associated Press/ File 2011)
MARKET MOVERS
For investors, Coke’s the real thing
The world’s largest beverage maker has grown consistently for years because of major gains in emerging overseas markets, coupled with steady sales in established markets.
(Associated Press/ File 2011)
Coca-Cola Co.’s second-quarter profit rose 18 percent on strong growth overseas and the acquisition of a bottler, beating expectations. The stock hit a 52-week high. Coca-Cola, based in Atlanta, said net income rose to $2.8 billion, or $1.20 per share, from $2.37 billion, or $1.02, a year earlier. Revenue climbed 47 percent to $12.74 billion, largely on its bottler acquisition. Global sales volume rose 6 percent.
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