Coca-Cola raises profit forecast as premium drinks, sodas hold strong– economictimes.indiatimes.com
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EXCERPT:
Coca-Cola on Tuesday raised its annual profit forecast, betting on resilient demand for its zero-sugar sodas and pricier beverages such as fairlife milk and sparkling soft drinks.
The company now expects comparable currency-neutral earnings per share to grow at least 9% in 2026, up from its previous forecast of 7% to 8%.
Coca-Cola’s third-quarter revenue rose 7.4% to $13.38 billion, beating analysts’ estimate of $12.92 billion, according to data compiled by LSEG.
As high food and fuel prices make consumers more selective, Coca-Cola has sought to sustain demand by offering smaller, cheaper packs while rolling out pricier new flavours such as Coca-Cola Cherry Float.
The company also benefited from demand during the soccer World Cup in July, including a brief sales boost for its energy drink brands.
