Open a can. The earnings report shows that people love popping open a can of Coke – despite potential health risks.
- Net revenues grew 6% to $10 billion in Q2
- Coke Zero Sugar sales grew 10%
- Coca-Cola reported a net profit of $2.61 billion in Q2 (up from $2.32 billion last year)
How does this affect my wallet?
Coca-Cola is a “total beverage company”, but they know how to follow the money. Coca-Cola’s Dasani and Powerade brands haven’t done too well in 2019, so they are doubling down to launch new Coke flavors internationally.
What about the shaky economy? Investors have been concerned about the health of our economy since we are late in the business cycle. However, the stronger-than-expected earnings from companies like Coke have investors optimistic about the future.
- M2 Tip: Nothing can go up forever. We explain where the economy is headed in this YouTube video.
Coca-Cola impressed investors with their recent earnings report which led to their stock fizzing upward. The company is launching a slew of new Coke products because the numbers show that people still love their soda.
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