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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Coca-Cola Raises Prices, Outlook
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Reuters
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Coca-Cola raises annual sales, profit forecasts on steady demand
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Reuters
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Kimberly-Clark raises annual profit forecast, beats Q2 EPS on higher prices
Coca-Cola lifts full-year forecast after profits top estimates
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50% Right
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Total News Sources
4
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1
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2
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Last Updated
46 days ago
Bias Distribution
50% Right
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Story Coverage
Coca-Cola Raises Prices, Outlook
alt
Reuters
Center
Coca-Cola raises annual sales, profit forecasts on steady demand
alt
Reuters
Center
Kimberly-Clark raises annual profit forecast, beats Q2 EPS on higher prices
Coca-Cola lifts full-year forecast after profits top estimates

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