Coca-Cola Co. posted third-quarter sales growth that beat Wall Street expectations — a sign that consumers are snapping up the company’s beverages despite higher prices. Atlanta-based Coca-Cola reported organic revenue growth of 6%, topping the average of analyst estimates. Adjusted earnings per share also outpaced expectations.
The results point to Coca-Cola winning over shoppers with its widening portfolio of beverages, including sugar-free soda, sports drinks and water, as consumers shift away from traditional full-calorie soft drinks and toward healthier options. Coca-Cola Zero Sugar grew 14%, driven by growth across all regions, the company said.
"There’s more and more focus on people wanting to live a healthier, more balanced lifestyle, and Coke Zero, Diet Coke, etc. fit more into