Coca-Cola Beats Profit Estimates, Raises Full-Year Guidance
- Soft-drink giant benefits from value bundles amid inflation
- Ready-to-drink alcohol beverages enjoy strong growth
A worker restocks Coca-Cola Co. Zero soft drinks at a store in Orem, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
Coca-Cola Co. said third-quarter sales and profit surpassed expectations and the beverage giant raised its guidance for the year, as the company got a boost from value-conscious products amid soaring inflation.
The Atlanta-based soft-drink maker, whose beverages include Fanta sodas, Minute Maid juices and Powerade sports drinks, said Tuesday that it benefited from bundling different sizes and mixes of its products for inflation-wary consumers.