Coca-Cola's quarterly sales tops Wall Street expectations

FILE PHOTO: A Coca-Cola logo is pictured during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier - Copyright Benoit Tessier(Reuters)

By Reuters

Published on 18/10/2019 - 16:05•Updated 23/04/2024 - 13:01

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(Reuters) - Coca-Cola Co <KO.N> beat Wall Street expectations for quarterly sales on Friday, boosted by demand for zero-sugar sodas and Coca-Cola Plus Coffee.

Net operating revenue climbed 8.3% to $9.51 billion (7.37 billion pounds) in the third quarter ended Sept. 27, beating the average analyst estimate of $9.43 billion, according to IBES data from Refinitiv.

The company said it now expects full-year organic revenue growth excluding currency fluctuations, acquisitions and divestitures to be at least 5%, from its previous forecast of 5% growth.

(Reporting by Soundarya J in Bengaluru; Editing by Saumyadeb Chakrabarty)

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