Kimberly-Clark and Coca-Cola Raise Profit Forecasts
Kimberly-Clark and Coca-Cola Raise Profit Forecasts
Kimberly-Clark and Coca-Cola Raise Profit Forecasts
News summary

Kimberly-Clark exceeded Q2 earnings expectations with $1.96 per share, driven by strong volumes and pricing actions, despite a decline in overall sales due to unfavorable foreign currency rates. The company raised its full-year profit forecast, citing resilient demand for personal care products and successful price increases. Coca-Cola reported a double-digit volume growth in India for Q2 2024, driven by strong performances from brands like Sprite and Fanta, and remains optimistic about the Indian market's potential. The company has raised its annual organic sales growth forecast to 9-10% and expects adjusted profit to increase by 5-6%. These developments reflect a broader trend of resilient consumer spending on essential goods amidst rising living costs.

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Last Updated
45 days ago
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50% Right
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