Coca-Cola beats earnings estimates

The Coca-Cola Company has raised its annual adjusted profit forecast after delivering a strong first-quarter performance that exceeded Wall Street estimates.

The beverage giant reported $12.5 billion in revenue, driven by broad-based growth across international markets and steady demand for its core soft drinks.

Adjusted earnings reached 86 cents per share, as the company successfully navigated higher input costs and potential consumer confidence issues linked to the war in Iran.

Executives highlighted the success of 'shrinkflation' strategies and a focus on premium offerings as key factors in maintaining margins despite global economic uncertainty.