The soda giant’s second quarter results benefited from the striking contrast with the year-ago period, which was buffeted by the sudden halt to sales from movie theatres, live sporting events and other away-from-home venues.

“Our results in the second quarter show how our business is rebounding faster than the overall economic recovery,” said Coca-Cola chief executive James Quincey, who noted the company raised its full-year forecasts despite the “asynchronous” nature of the recovery across markets.

Revenues rose across all regions, with Coca-Cola pointing to the “ongoing recovery in many markets, partially offset by the impact of a resurgence of the coronavirus in several markets”.

In North America, sales rose 28%, as the company continued to enjoy strong at-home sales, in addition to gains from the recovery of their fountain business.

Other strong markets included China, Brazil and Nigeria.

The company’s profit in the quarter jumped 48% to US$2.6 billion off of a 42% surge in revenues to US$10.1 billion.

Coca-Cola now expects “organic” annual revenue growth, which excludes currency fluctuations and divestitures, of 12% to 14%, after previously projecting growth in the “high” single digits.

Shares rose 2.1% to US$57.01 in pre-market trading.