Reported about 1 month ago
Coca-Cola is optimistic about achieving the upper end of its organic sales forecast for 2024, driven by increased demand for its premium sodas and juices in the U.S., which led to unexpected third-quarter sales growth. However, the company's shares fell 2% as CEO James Quincey noted volume declines in China and the Middle East due to economic challenges. North American revenue surged by 12%, boosted by new slim can offerings. Despite struggles in some regions, Coca-Cola's net revenue increased slightly to $11.95 billion, surpassing analyst expectations.
Source: YAHOO