Coca-Cola Stock Holds Near Highs as Revenue Growth Exceeds Expectations

Coca-Cola Co.'s stock price has remained near its recent high of $92.49, after the company reported a 6.2% year-over-year increase in second-quarter revenue to $13.37 billion.

The adjusted earnings per share (EPS) came in at $0.97, surpassing the consensus estimate of $0.93.

Net margin and return on equity also saw improvements, with a net margin of 28.56% and a return on equity of 39.38%, respectively.

The company's concentrate-led model has proven to be a significant advantage in terms of scale.