Coca-Cola exceeded on Friday Wall Street revenue calculations quarterly, as customers were attracted to their smaller sodas, including soda Zero Sugar which led to the Bedidas manufacturer improving its forecasts for 201
The lower demand for sugar-containing soda has forced the two largest beverage manufacturers in the world, Coca-Cola and PepsiCo Inc to launch new low soda in processed sweeteners already diversify into products perceived as healthier such as coffee, tea and bottled water to increase their turnover.
Coca-Cola Co has released new products such as Coca-Cola Plus Coffee, a blend of his famous soft drink with coffee launched in more than 20 markets, as well as soft drinks in smaller, high-margin packaging that attracts attention in consumers who are most concerned about their health.
Coca-Cola expects its organic sales for the whole year to grow by at least 5%
US companies will also introduce Coca-Cola Energy their first energy drink which will carry the Coke brand, to the local level, and last year decided to expand its coffee business with the purchase of several million dollars by Costa Coffee a company based in the UK.
The volume of carbonated beverages increased by 2% quarterly three, driven by a double-digit percent growth in Coca-Cola Zero Sugar and Sprite in North America.
Organic sales, which exclude the effects of currency fluctuations, acquisitions and divestments, increased by 5% during the quarter, above analysts' estimates of an increase of 4.3%, according to five analysts surveyed by Refinitive.
The Atlanta-based company's stock rose 2% before market opening, with a cumulative increase of 14% so far this year.
"We are very impressed by Coca-Cola's better results than expected," said Bonnie Herzog, an analyst at Wells Fargo.
Coca-Cola also said that he now expects his organic sales for the whole year to grow by at least 5%, from his previous forecast of only 5%.
In general, revenue increased 8.3% to $ 9.510 million. in the third quarter ending September 27 in December, above analyst forecasts of $ 9,430 million, according to IBES data from Refinitive.
Excluding extraordinary items, Coca-Cola earned 56 cents per share during the quarter, in line with market forecasts.