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Coca-Cola’s 3rd Q Revenue Up 8.3 Percent Over A Year Ago, Driven By Coke Zero Sugar

October 21, 2019: 12:00 AM EST
Coca-Cola’s third quarter profit of $9.51 billion largely met analyst expectations, but its reported revenues were 8.3 percent higher than in the same quarter a year ago. The revenue increase is attributed to the strong demand for sugar-free drinks like the Coke Zero Sugar line and for smaller (7.5-ounce) cans, but also for Coca-Cola Plus Coffee and core sparkling soft drink brands. Coke Zero Sugar turned in its eighth consecutive quarter of double-digit volume growth globally. The company reported three percent organic sales growth in North America and Asia Pacific, as well as four percent in the Europe, Middle East and Africa (EMEA) region. The best sales performance was in Latin America, up 14 percent on an organic basis. Healthy performance was reported in Coca-Cola Plus Coffee, launched in more than 20 markets, and in Coke Energy, available in at least 25 countries with a U.S. launch set for January. The company expects “at least five percent growth in organic revenues” for all of 2019.[Image Credit: © THE COCA-COLA COMPANY]
Emma Upshall, "Coke Zero Sugar driving Coca-Cola revenue growth of 8 percent", FoodBev Media , October 21, 2019, © FoodBev Media Ltd
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