July 23 (Reuters) - Coca-Cola raised its annual
organic sales and profit forecast on Tuesday, signaling strong
demand for the beverage giant's sodas, energy drinks and juices
in its U.S. and international markets.
The company's shares rose nearly 2% in premarket trading.
Coca-Cola has been foraying into newer regions in Asia
and Europe to keep its revenue growth intact and launching
reformulated versions of its drinks such as Coke Spiced and
Georgia Coffee in markets that are quickly turning
price-sensitive.
The soda giant expects fiscal 2024 organic sales to grow
between 9% and 10%, compared with a previous forecast of 8% to
9% rise.
The company expects fiscal 2024 adjusted profit to increase
between 5% and 6%, compared with its previous forecast of a rise
of between 4% and 5%.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by
Anil D'Silva)