The Coca-Cola Company (NYSE:KO) reported its Q2 results, with EPS coming in at $0.70, above the Street estimate of $0.67. Revenue was $11.3 billion, compared to the Street estimate of $10.54 billion.
According to the analysts at Deutsche Bank, quarterly results and guidance raise showcased the company's strong execution and relative momentum. While macro factors broadly have deteriorated versus 3 months ago, the company continues to lean into RGM strategies and product innovation to earn pricing while protecting affordability.
According to the analysts, these levers should each help insulate the company from outsized volume degradation and elasticity impacts going forward.