Coca-Cola tops estimates on steady soda demand, plans cane sugar-based products
The company said it plans to launch an offering made with U.S. cane sugar under its trademark Coca-Cola product range, days after an announcement from President Donald Trump.
Food companies have rolled out plans to make changes in ingredients and include healthier substitutes amid Health Secretary Robert F. Kennedy Jr.'s Make America Healthy Again (MAHA) campaign.
Prices rose 6 per cent overall in the second quarter, following a 5 per cent rise in the prior quarter, led by increases in some inflationary markets.
Meanwhile, total case volumes fell about 1 per cent, compared with a 2 per cent rise in the preceding three-month period.
Coca-Cola Zero Sugar jumped 14 per cent, driven by growth across all geographies.
The company's comparable revenue rose 2.5 per cent to $12.62 billion. Analysts on average had expected $12.54 billion, according to data compiled by LSEG.
Excluding items, the company earned 87 cents per share, beating estimates of 83 cents.
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AsiaOne
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