Concentrate sales for The Coca-Cola Co. rose 26% during the second quarter of fiscal 2021, a positive sign as away-from-home markets reopened following last year's pandemic-related closings. Adding to the positive momentum was an 11% growth in price/mix and market share gains in both at-home and away-from-home channels, according to the company. "As we continue to deliver on our transformation, we are encouraged by our results and are raising our top line, bottom line and cash flow guidance even as we are accelerating investments for the future," said James Robert B. Quincey, chairman and chief executive officer, during a July 21 conference call with securities analysts. "At the same time, we also recognize the trajectory may be dynamic and understand that we must remain flexible to respond to changes in the environment." Net income for the quarter ended July 2 rose 48% to $2.6 billion, equal to 61c per share on the common stock, when compared to the same period of the previous year. Quarterly sales rose 42% to $10.1 billion.
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