Coca-Cola Co's quarterly revenue beat market expectations on Thursday, driv...
) quarterly revenue beat market expectations on Thursday, driven by the beverage maker’s signature soda, Fuze teas and coffees in North America and emerging markets.
Earlier this month, Coke added dairy company Fairlife to its range of brands, giving Coca-Cola access to fastest-growing categories in the United States ranging from lactose-free to ultra-filtered milk. Volumes, a key indicator of demand, grew 3%, spurred by its Coca-Cola soda, with growth across all geographies. Volumes grew 4% for teas and coffee and 3% for sparkling soft drinks.
“That’s a pretty good indication that they feel good about the year so far... this would be seen as setting up a strong year,” industry expert and executive editor of Beverage-Digest, Duane Stanford, said.
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