BREAKING NEWS

BREAKING NEWS

Coca-Cola tops sales estimates

Coca-Cola tops sales estimates
FILE PHOTO: Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File Photo -
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Regis Duvignau(Reuters)
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(Reuters) - Coca-Cola Co reported sales that topped Wall Street estimates for the tenth straight quarter, benefiting from higher prices and strong demand for its zero-sugar sodas.

The company's revenue fell 6 percent to $7.1 billion (£5.5 billion) in the fourth quarter ended Dec. 31, hurt by the refranchising of its low-margin bottling operations. Analysts had estimated sales of $7.03 billion, according to IBES data from Refinitiv.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Saumyadeb Chakrabarty)

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