KEY TAKEAWAYS:
Q3 organic revenue rose 6% to $12.41B; net income up 30% to $3.69B
Mini cans and premium beverages boosted sales amid uneven consumer demand
Coca-Cola Zero Sugar grew 14% globally; dairy and juice volumes fell 3%
Bottling operations in Africa sold 75% to Coca-Cola HBC AG for $2.55B
The Coca-Cola Co. said sales of premium beverages and mini cans helped boost its third-quarter results despite tepid demand in the U.S. and elsewhere.
The Atlanta beverage giant said Tuesday it continues to see a divergence among consumers in North America and Europe, with higher-income buyers opting for its more expensive brands like Smartwater , Topo Chico and Fairlife while middle- and lower-income consumers are under more pressure.
Henrique Braun, Coke’s chief operating office