Zero Sugar gives Coca-Cola a boost - share price rises
Coca-Cola continues to benefit from a shift towards less sugary beverages and a broader range of tea and coffee products.
The past quarter shows that the strategies are well received by customers, announced CEO James Quincey. The figures were well received by investors, with the share initially rising by just under two percent before the IPO, but then falling again to 0.5 percent. Since the beginning of the year, the share price has climbed by almost 14 percent. The results were better than analysts had expected and the Group gave an optimistic outlook.
For the current year, the Group now expects organic sales growth of at least 5 percent. So far, expectations have been around 5 percent. In Asia in particular, business continues to be good, while sales in America almost stagnated in the third quarter. A recent burden was the strong dollar, which reduced foreign income after conversion into US currency./hbr/knd/jsl/fba (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
Other news from the department business & finance
Get the food & beverage industry in your inbox
From now on, don't miss a thing: Our newsletter for the food & beverage sector brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.