🥤 Coca-Cola: The beverage giant raised its 2024 sales forecast and reported a 15% increase in organic revenue. Nine points of the growth were attributable to price hikes, though two-thirds of the latter was due to runaway inflation in Argentina.
🤧 Kimberly-Clark: The maker of Kleenex tissue paper and Cottonelle toilet paper said consumer tissue sales fell 4% in the second quarter, compared with a year earlier. The company raised its 2024 forecast, but its stock was still down 4% this afternoon.
