The Coca-Cola Company reported first-quarter adjusted earnings of $0.86 per share. This result exceeded analyst expectations of $0.81 per share. Revenue reached $12.47 billion, surpassing the forecasted $12.24 billion.
The company raised its annual adjusted profit growth forecast to a range of 8% to 9%. This update increases the previous guidance of 7% to 8%. Shares rose approximately 2% in premarket trading following the news.
Global unit case volume grew by 3% with increases in every geographic segment. Demand remained steady despite higher input costs linked to rising energy prices. Performance was supported by zero-sugar products and smaller packaging sizes for cost-conscious consumers.