Coca-Cola Beats Expectations

5 days ago

Nora Melinda

"And lastly, CocaCola. Yes. Let's look at a bit of the consumer space. Not sure if you guys are avid drinkers of Coca-Cola, but we did see Coca-Cola beating expect. Okay, there you go. Well, they beat expectations. Clearly, maybe you are a contributor here, but Coca-Cola, ticker KO, posting thirdarter sales growth that beat expectations here. They had organic revenue growth of 6%, adjusted earnings per share, also outpacing expectations. And this is all kind of due to the price hikes and the low sugar drinks. It seems as though a lot of customers are snapping up these drinks based off of those different propelling factors here."

The speaker reports on Coca-Cola (KO) outperforming expectations with strong third-quarter sales and organic revenue growth of 6%, attributed to price hikes and the popularity of low sugar drinks. This indicates robust consumer demand and improved financial performance for the company.

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