Coca-Cola reported third-quarter earnings and revenue that exceeded analysts’ expectations, driven by higher prices that compensated for softening demand. Coca-Cola's adjusted earnings per share and revenue exceeded analysts' expectations. In North America, Coca-Cola's unit case volume remained unchanged as declining demand for water, sports drinks, coffee, and tea balanced outgrowth in soda, juice, dairy, plant-based beverages, and sparkling flavors. Pricing increased by 10%, largely driven by inflation in key regions.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coca-Cola reported third quarter earnings and revenue that exceeded analysts' expectations
00:06driven by higher prices that compensated for softening demand.
00:10Coca-Cola's adjusted earnings per share and revenue exceeded analysts' expectations.
00:15In North America, Coca-Cola's unit case volume remained unchanged as declining demand for water,
00:20sports drinks, coffee, and tea balanced out growth in soda, juice, dairy,
00:24plant-based beverages, and sparkling flavors.
00:27Pricing increased by 10%, largely driven by inflation in key regions.
00:32For all things money, visit Benzinga.com slash GSTV.