The Strategist

Coca-Cola reports profit growth in the first half of the year

07/22/2021 - 03:35

The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders rise 7% year-on-year to $4.886 billion in the first half of 2021 (ended 2 July), the company said in a statement.

Diluted earnings per share for the half year were $1.13, compared with $1.05 a year earlier. Coca-Cola's operating revenue rose 22% year on year to $19.149 billion.

Net income attributable to the company's shareholders was one and a half times higher at $2.641 billion for the second quarter. Diluted earnings per share for the same period were $0.61 versus $0.41 a year earlier, with adjusted earnings of $0.68 against a forecast of $0.56. Operating revenue rose 1.4 times to $10.129 billion, while analysts expected $9.3 billion.

For the year, the company expects organic revenue growth of 12-14%. The company's shares are up 2.7% in pre-market trading.

The Coca-Cola Company was founded in 1892 and is headquartered in Atlanta, Georgia. The company's most famous brands are Coca-Cola, Fanta and Sprite. Including bottling partners, the company employs more than 700,000 people.