In the third quarter, Pepsi’s rival increased profits by 14 percent year-on-year to $2.83 billion, as announced in Atlanta on Tuesday. Revenue increased 10 percent to $11.06 billion. Coca-Cola raised its sales target for the full year.
Despite significantly higher prices, the group can rely on robust sales of soft drinks, with its “Zero Sugar” cola in particular remaining a bestseller. In addition, many of the company’s tea, coffee and sports drinks are very popular. The quarterly report clearly exceeded market expectations. The stock reacted before the market with a price jump of 3 percent.
Coca-Cola shares rose 2.27 percent to $58.99.
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