Reuters CocaCola Co raised its fullyear sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the reopening of theaters, restaurants and stadiums.

Shares of the worlds largest soda maker rose 2 in early trading.

Revenue in CocaColas North America business rose 28 in the second quarter, helped by the vaccineaided reopening of public venues and easing of capacity restrictions across the United States.

The company said it expects annual organic revenue to rise 12 to 14, compared with its prior forecast of a high single digits increase.

Annual adjusted earnings per share are expected to rise 13 to 15, compared with a prior forecast of a high single digits to low double digits increase.

Net revenue rose 42 to 10.1 billion in the second quarter ended July 2. The company had reported a 28 slump in total net revenues in the yearago quarter due to the lockdowns.

Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila

Source Reuters