Coca-Cola’s quarterly sales tops Wall Street expectations

FILE PHOTO: A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier/File Photo GLOBAL BUSINESS WEEK AHEAD

(Reuters) – Coca-Cola Co (KO.N) beat Wall Street expectations for quarterly sales on Friday, boosted by demand for zero-sugar sodas and Coca-Cola Plus Coffee.

Net operating revenue climbed 8.3% to $9.51 billion in the third quarter ended Sept. 27, beating the average analyst estimate of $9.43 billion, according to IBES data from Refinitiv.

The company said it now expects full-year organic revenue growth excluding currency fluctuations, acquisitions and divestitures to be at least 5%, from its previous forecast of 5% growth.

Reporting by Soundarya J in Bengaluru; Editing by Saumyadeb Chakrabarty

The put upCoca-Cola’s quarterly sales tops Wall Street expectationsappeared first on Reuters

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