Coca-Cola raises sales guidance after stronger-than-expected second quarter

Coca-Cola is raising its full-year sales guidance after a stronger-than-expected second quarter boosted by continued price increases.

The Atlanta beverage giant said it expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.

Revenue rose 3% to $12.4 billion (€11.4 billion) for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.

Coke, which hiked prices by 13% in the first quarter...