Americans aren’t yet cutting back on life’s simpler pleasures. That was the main takeaway from Coca-Cola and McDonald earnings reports Tuesday.
Coca-Cola said it grew global organic sales in the second quarter by 16% from a year earlier, driven by both price increases and higher underlying volumes. In North America, organic sales growth was 13% while unit case volume was up 2%. Margins are down, but strong revenue is making up the gap: The company raised its outlook for full-year sales while keeping its adjusted earnings-per-share guidance unchanged.