NEW YORK—Coca-Cola Co.’s push to offer more low-calorie drinks is showing signs of paying off, even as the beverage giant’s sweeping overhaul weighs on results. Coca-Cola reported earnings of 50 cents a share in the third quarter, compared with a 49-cent average estimate of analysts. That’s up from the $1.05 billion, or 24 cents per share, in reported in the same quarter a year ago. Quincey said on a conference call with analysts that Coca-Cola Zero Sugar has cannibalized some demand from Coca-Cola Classic and other brands. The effort is meant to vault Coca-Cola into higher-margin products — an area where it gained market share last quarter, the company said.

Source: thestar October 25, 2017 17:35 UTC