Coca-Cola beats quarterly revenue estimates on steady soda demand
Coca-Cola beat Wall Street estimates for second-quarter revenue on Tuesday, as the beverages giant benefited from resilient demand for its sodas.
The company's comparable revenue rose 2.5 per cent to US$12.62 billion, compared with analysts' expectations of a 1.86 per cent growth to $12.54 billion, according to data compiled by LSEG.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Sriraj Kalluvila)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
11 hours ago
- Toronto Star
Protein Industries Canada and Nurasa Launch Program to Expand Global Reach of Canadian Plant-Based Companies into the Asia-Pacific Market
Singapore, Aug. 01, 2025 (GLOBE NEWSWIRE) — Today at an event in Singapore, witnessed by Minister MacDonald, Minister of Agriculture and Agri-Food Canada, Protein Industries Canada announced a new international partnership with Nurasa, a leading food innovation and commercialization partner based in Singapore. The partnership will help Canadian companies accelerate entry into the fast-growing Asia-Pacific market—one of the world's largest and most dynamic regions for plant-based food innovation. 'Canadian innovation is driving the global shift toward sustainable food solutions.' Said the Honourable Melanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. 'By supporting our plant-based companies as they expand into new markets like the Asia-Pacific, we are helping them scale up, create good jobs at home, and showcase Canadian expertise on the world stage. This partnership is another example of how the Global Innovation Clusters are helping Canadian businesses succeed both at home at abroad, driving Canada's leadership in industries of the future.'
CTV News
13 hours ago
- CTV News
Enbridge reports Q2 profit up from last year to $2.18 billion
The Enbridge logo is shown at the company's annual meeting in Calgary. THE CANADIAN PRESS/Jeff McIntosh CALGARY — Enbridge Inc. says its profits rose in the second quarter compared with last year, largely from changes in the value of derivative financial instruments. The Calgary-based energy company says earnings amounted to $2.18 billion for the quarter ending June 30, up from $1.85 billion in the same quarter last year. The company says adjusted earnings worked out to $1.42 billion for the quarter, up from $1.25 billion last year. Adjusted earnings was 65 cents per common share, compared to 58 cents per share last year. The mean analyst estimate had been for earnings of 57 cents per share, according to LSEG Data & Analytics. Chief executive Greg Ebel says steady demand and low-risk commercial frameworks have led to predictable results despite geopolitical and macroeconomic volatility. This report by The Canadian Press was first published Aug. 1, 2025.
National Post
14 hours ago
- National Post
Supreme Industries, Orbia Announce Closing of Divestiture of Orbia Building & Infrastructure (Wavin) Pipes & Fittings Business in India to Supreme; Start of Long-Term Technology License from Orbia Wavin to Supreme
Article content MUMBAI, India & BOSTON — Orbia Advance Corporation S.A.B. de CV (BMV: Orbia) today confirms the successful completion of its previously announced divestiture and technology licensing agreement with The Supreme Industries Ltd. (Supreme), India's largest plastic pipe manufacturer. Under this finalized transaction, Supreme has acquired Orbia Building & Infrastructure's (Wavin) pipes and fittings business in India for USD 30 million, plus net working capital adjustments. The accompanying long-term technology license agreement grants Supreme access to Orbia Wavin's full portfolio of advanced water management solutions and includes additional fixed payments and royalties. The transaction closed on July 31, 2025, following confirmatory due diligence and all required regulatory approvals. Article content The agreement is set to accelerate the growth of India's infrastructure industry by combining Supreme's extensive market reach and manufacturing strength with Orbia Wavin's globally recognized technologies. Supreme now holds full ownership of Orbia Wavin's operational manufacturing facilities in India – located in Banmore (Madhya Pradesh), Hyderabad (Telangana), and Neemrana (Rajasthan) – and gains exclusive access to Orbia Wavin's proprietary solutions for drinking water, wastewater and stormwater management across India and SAARC countries. Through the licensing agreement, Supreme is empowered to scale the entire Orbia Wavin technology portfolio across its expansive distribution network, further reinforcing its leadership in residential, commercial, industrial and agricultural water infrastructure applications. Article content M.P. Taparia, Managing Director of Supreme, commented, 'With this acquisition and agreement now complete, we are well-positioned to accelerate the next phase of growth for Supreme. Orbia Wavin's proven technologies and global expertise complement our strengths in manufacturing and market reach. Together, we will deliver reliable, sustainable and impactful water management solutions to meet the rising demands of India's infrastructure transformation.' Article content 'This is a landmark deal that begins a powerful collaboration to transform water management in India,' said Sameer Bharadwaj, CEO of Orbia. 'By combining Orbia Wavin's innovation engine with Supreme's unmatched reach and footprint, we are creating a platform for long-term impact on India's water security and resilience. We are proud to deepen our commitment to the region while continuing to lead in sustainable water solutions.' Article content With this milestone, all India-based operations and employees of Orbia Wavin have officially transitioned to Supreme, ensuring continuity for customers and employees alike. At the same time, Orbia Wavin will continue to operate and invest in its Technology & Innovation Center in India, where employees will remain part of Orbia and focus on developing the next generation of water management solutions. Article content This divestiture and licensing agreement aligns with Orbia's long-term priorities: delivering sustainable growth, scaling innovation through strategic partnerships and expanding the impact of its technologies in solving the world's most pressing challenges. Article content About Orbia Article content Orbia is a global company driven by a shared purpose: to advance life around the world. Its Building & Infrastructure business, represented by the commercial brand Wavin ®, is a global leader in pipes, fittings and water management solutions, serving over 90 countries with innovative products backed by more than 65 years of expertise. Orbia operates in over 100 countries and has headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. Article content The Supreme Industries Ltd. is India's leading plastic products manufacturer, specializing in pipes, fittings and water storage solutions. With a nationwide presence of multi-location manufacturing as well as a capacity expansion to one million metric tons per annum by March 2026, Supreme is at the forefront of India's infrastructure growth, delivering innovative and reliable products to diverse sectors. Article content Article content Article content Article content Contacts Article content Media Contacts Article content Orbia: Article content Article content Article content Article content Article content
