Coca-Cola Co.'s second-quarter profit rose 18 percent on strong growth overseas and the acquisition of a bottler. The results beat expectations and the company's stock hit a 52-week high Tuesday.
The world's largest beverage maker has shown consistent growth for years because of major gains in emerging markets such as Latin America, India and China, coupled with steady sales in established markets.
Coca-Cola, based in Atlanta, is now relying more critically on these regions as its business in established markets like the U.S. and Europe continues to be crimped by economic woes.
CEO Muhtar Kent said the results in an uncertain economy are a testament to the company's strong brands and business fundamentals.
"Many middle-class consumers, especially those in developed economies, are still feeling somewhat confused and fragile," Kent told investors. "At the same time, however, many emerging markets are doing quite well. … With this as a backdrop, our focus is on maintaining a long-term vision of where the world is headed and in turn, where the Coca-Cola Co. wants to go."
Shares of the company rose $2.20 to $69.32.
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