The beverage giants are thriving. Coca- Cola has again raised its sales and profit forecast

Coca-Cola, one of the world's largest and most respected beverage companies, raised its annual revenue and profit forecasts for the second time this year during Tuesday's trading day. In doing so, it relied on rising consumer demand for its beverages and higher prices. The company's shares rose 3 percent in morning trading in response to the news, after the company also beat expectations for its third-quarter results.

We're paying a premium for Coke

The company, whose flagship product is carbonated soft drink Coca-Cola, said average selling prices for its products rose 9 percent in the third quarter and total unit-pack volume increased 2 percent. Third-quarter net sales of $11.91 billion. Third quarter sales of $11.44 billion exceeded expectations of $11.44 billion. USD. Adjusted earnings came in at 74 cents per share, also beating expectations of 69 cents per share, according to LSEG data.


Positive expectations

The company raised its annual underlying earnings forecast, which it had originally estimated to grow at 5-6 percent, and has now revised that forecast to 7-8 percent. It also raised its forecast for annual organic revenue growth to 10 to 11 percent from the original 8 to 9 percent.[1]


The stock maintains its growth curve

Although the company's stock has written down more than 8 percent of its value over the past year, it is in the green over the long term.* Looking at the 5-year performance, we can see that the value has increased from $49.80 per share to $55.5 per share, an increase of over 11 percent. Looking at the 10-year trend, we even see an appreciation of 50 percent.*

Snímek obrazovky 2023-10-30 v 11.31.31

Chart: Coca- Cola's value development over the last 10 years. (Source:

Pepsi has also performed well

Rival PepsiCo, which also beat experts' expectations, reported that it plans to raise prices next year as consumers continue to buy products labeled as "affordable luxury" in a time of higher inflation, reflected in both more expensive food and a higher cost of living.


Olivia Lacenova, principal analyst at Wonderinterest Trading Ltd.


* Past performance is no guarantee of future results.


[1] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or on the current economic environment, which may change. Such statements are not guarantees of future performance. They involve risks and other uncertainties that are difficult to predict. Results may differ materially from those expressed or implied by any forward-looking statements.


This text constitutes marketing communication. It is not any form of investment advice or investment research or an offer for any transactions in financial instrument. Its content does not take into consideration individual circumstances of the readers, their experience or financial situation. The past performance is not a guarantee or prediction of future results.

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