Global success of Coke meets global demand for less sugar

Posted by AFN Staff Writers on 30th July 2019

Coca-Cola Global operations have beaten second-quarter earnings expectations. The increase has lead to revised revenue forecasts for 2019. Higher than expected sales of ‘Zero’ drinks, in addition to the new ready-to-drink coffee and flavours, have been driving factors.

“Our performance was largely driven by consumer demand for no sugar versions of some of our best-known sparkling soft drink brands as well as for smaller packages with less sugar,” Chief Executive Officer James Quincey told analysts.

Coca-Cola’s rivals, PepsiCo, is also expected to beat analysts estimates thanks to the demand for smaller packages of its original Pepsi sodas.

To read the full Reuters article, click here.