Coca-Cola Raises Annual Outlook on Surging Zero Sugar and Fairlife Demand

Coca-Cola announced on Tuesday that it is raising its full-year financial targets, citing robust demand for its zero sugar beverage lineup and its fairlife milk brand across the United States.

The beverage giant now anticipates organic revenue growth of approximately 5% for the year, an improvement over its previous guidance of 4% to 5% growth.

On the earnings front, Coca-Cola is projecting comparable earnings per share growth of between 9% and 10%, up from its earlier target range of 8% to 9%.