Strong demand for Coca-Cola Co's low-calorie Coke Zero, new orange-vanilla ...
- Strong demand for Coca-Cola Co’s low-calorie Coke Zero, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up 2.2 percent on Tuesday.
Sales of the company’s carbonated drinks rose 1 percent, driven by strong performance of its Coke brand, while smaller, immediate consumption packages of its flavored water and sports drinks drove a 6 percent sales increase in that business. “They’re making progress with innovations in general ... it is still early for a lot of these innovations, but we do like the increased focus that the company is bringing to its core brands and also its coffee products,” Edward Jones analyst John Boylan said.
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