Coca-Cola Raised Its 2024 Revenue Forecast. Investors Are Shrugging It Off.
Coca-Cola turned in better results than expected and raised its forecast for revenue for the year. The soda maker said it now expects 2024 revenue growth of between 8% to 9%, up from its prior forecast of 6% to 7%. Shares of Coca-Cola were down 0.6% in Tuesday trading, compared with a 0.9% loss in the and a 0.7% slide in the Prior to the session, the stock had gained 5.3% this year.