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Coca-Cola confirms a cane-sugar version of its trademark cola is coming to the US this fall

Coca-Cola confirms a cane-sugar version of its trademark cola is coming to the US this fall

Boston Globea day ago
'We appreciate the president's enthusiasm for our Coca-Cola brand,' Quincey said in a conference call with investors Tuesday. 'This addition is designed to complement our strong core portfolio and offer more choice across occasions and preferences.'
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Coca-Cola reported better-than-expected earnings in the second quarter as higher prices offset weaker sales volumes.
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Case volumes fell 1 percent globally and 1 percent in North America, but Coke said Tuesday that pricing rose 6 percent for the April-June period.
Global case volumes of Coca-Cola fell 1 percent, mostly due to weaker sales in Latin America. One bright spot was Coca-Cola Zero Sugar, which saw volumes grow 14 percent.
Traditional Coca-Cola still far outsells the zero-sugar variety, but consumer demand for zero-sugar versions is growing much more quickly.
Global case volumes of juice, dairy and plant-based beverages fell 4 percent, Coke said. Sports drink case volumes were down 3%, as higher demand in North America was offset by declines in Latin America.
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Revenue for the Atlanta company rose 1 percent to $12.5 billion. Adjusted for one-time items, quarterly revenue was $12.6 billion. That was in line with Wall Street's forecast, according to analysts polled by FactSet.
Net income jumped 58 percent to $3.8 billion. Its adjusted net income was 87 cents, which was higher than the 83 cents Wall Street forecast.
Coke said Tuesday it now expects full-year adjusted earnings to grow 8 percent. At the start of the year, Coke had expected earnings to grow 8 percent to 10 percent, but in April it lowered that range to 7 percent to 9 percent. Coke earned $2.88 per share in 2024.
Shares of Coca-Cola Co. were down slightly early Tuesday as were all major US markets.
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