Coca-Cola Co. saw higher-than-expected sales in the second quarter as the impact of the pandemic abated. The Atlanta-based soft drink giant said its revenue jumped 42% to $10.1 billion in the April-June period. That was well ahead of the $9.3 billion in sales that Wall Street had forecast, according to analysts polled by FactSet. Coke’s net income surged 48% to $2.6 billion. Adjusted for one-time items, the company earned 68 cents per share. Analysts had forecast earnings per share of 56 cents.
Coke sales surge in Q2 as re-openings gain momentum
