Despite higher prices due to inflation, global demand for Coca-Cola’s beverages remained robust, with unit case volume up 2% and pricing up 9%.

Coca-Cola reported strong second-quarter results, beating Wall Street estimates with a 3% revenue growth to $12.4 billion and a 7% increase in earnings per share to $0.84.

CEO James Quincey attributes the success to strong strategy execution and notes that inflation is normalizing in most markets. As a result, Coca-Cola has raised its full-year guidance, expecting organic revenue growth of 9% to 10%.