That is up from the 8% to 9% guidance the company announced at the end of the second quarter. Coffee sales saw the strongest growth, as demand grew in the UK and China. Coca-Cola Zero Sugar sales were up 3% on growing demand in Latin America and North America, while Powerade sports drink sales also grew 3%. Net revenue grew 8% to 11.9 billion US dollars in the July-September period, topping the 11.4 billion dollars that Wall Street had forecast, according to analysts polled by FactSet. Prices rose 9% in the most recent quarter compared with the double-digit increases Coke instituted in the previous five quarters.

Source: The Star October 24, 2023 12:04 UTC