Coca-Cola
Q2 2022 Earnings Call
Jul 26, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
At this time, I'd like to welcome everyone to the Coca-Cola Company's second quarter earnings results conference call. Today's call is being recorded. If you have any objections, please disconnect at this time. [Operator instructions] I would like to remind everyone that the purpose of this conference is to talk with investors, and therefore, questions from the media will not be addressed.
Media participants should contact Coca-Cola's Media relations department if they have any questions. I would now like to introduce Mr. Tim Leveridge, vice president of IR and FP&A. Mr.
Leveridge, you may now begin.
Tim Leveridge -- Vice President of Investor Relations, Financial Planning, and Analysis
Good morning, and thank you for joining us today. I'm here with James Quincey, our chairman and chief executive officer; and John Murphy, our chief financial officer. Note that we've posted schedules under financial information in the Investors section of our company website at www.coca-colacompany.com. These schedules reconcile certain non-GAAP financial measures, which may be referred to by our senior executives during this morning's discussion to our results as reported under generally accepted accounting principles.
You can also find schedules in the same section of our website that provide an analysis of our gross and operating margins. In addition, this call may contain forward-looking statements, including statements concerning long-term earnings objectives, which should be considered in conjunction with cautionary statements contained in our earnings release and in the company's periodic SEC reports. Following prepared remarks this morning, we will turn the call over for questions. [Operator instructions] Now I'll turn the call over to James.
James Quincey -- Chairman and Chief Executive Officer
Thanks, Tim, and good morning, everyone. In the second quarter, we delivered strong performance by continuing to execute on our growth strategy. our industry remained robust, and we gained both volume and value share in the quarter. Our first half 2022 results and the resiliency of our business give us confidence to raise our top-line guidance.
This is offsetting the meaningful increases in costs and currency headwinds to hold our bottom line U.S. dollar outlook of 5% to 6% growth, even as we accelerate investments in our business to drive future growth. These results are enabled by our organization's purpose-led culture, strong alignment with our bottling partners, and the dedication and flexibility of our people while driving our growth agenda. This morning, I'll discuss the current operating environment and how we're delivering results and building for the future in that environment, and the progress on our sustainability agenda.