Coca-Cola on Thursday reported quarterly revenue that topped analysts' expectations as new products under its namesake brand boosted sales. Excluding impairment charges, refranchising gains and other items, Coke earned 44 cents per share, meeting expectations of analysts surveyed by Refinitiv. New products, such as Coke Plus Coffee and the expansion of Coke Zero Sugar, lifted sales during the quarter and led the namesake brand to its best performance in eight years. As U.S. consumption of soda has fallen, the company has used its Coke brand to create healthier options and branch out into new categories. In 2020, Coke estimates organic revenue will grow by 5% and adjusted earnings per share will increase by 7% to $2.25.

Source: The North Africa Journal January 30, 2020 11:31 UTC