Coca-Cola (NYSE:KO) reported its Q2 earnings today, beating the Street estimates. The company reported an EPS of $0.78, which is higher than the analyst estimate of $0.72. Additionally, the revenue for the quarter was $12 billion, surpassing the consensus estimate of $11.73 billion.

As a result of its strong performance, Coca-Cola has raised its adjusted organic revenue forecast for the full year. The company now expects to achieve organic revenue growth of 8% to 9% for the fiscal 2023.

However, it's worth noting that the company anticipates facing some challenges as well. Coca-Cola expects commodity price inflation to be a headwind on the comparable cost of goods sold, which is likely to be in the mid-single-digit percentage range.