Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast

Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the US and international markets shell out more money for its pricey sodas and juices.

The soda giant is seeing demand in the US surge mainly in the away-from-home category as consumers venturing out for movies and dining are willing to spend on its Coke sodas and Minute Maid juices.

Coca-Cola, similar to PepsiCo (PEP.O) which also beat its first-quarter results, is enjoying...