✎ Contributed by Ty Griffin
Coca-Cola raised its full-year earnings outlook for the third consecutive quarter after reporting third-quarter revenue and profit above Wall Street expectations. The company now expects comparable earnings per share to increase by at least 11% and organic revenue to grow by at least 5%.
Quarterly net sales rose 7% to $13.4 billion, while adjusted earnings reached 91 cents per share. Global unit case volume increased 5%, supported by demand outside North America, but volume in the company’s home market remained flat as inflation and economic uncertainty kept consumers focused on value.
Market Reaction
- Coca-Cola Co. (NYSE: KO): $92.38, down $0.34 (0.37%)
- PepsiCo Inc. (NASDAQ: PEP): $134.41, down $1.05 (0.78%)
- Keurig Dr Pepper Inc. (NASDAQ: KDP): $34.78, down $0.21 (0.60%)
- Monster Beverage Corp. (NASDAQ: MNST): $45.97, down $0.47 (1.01%)
- Celsius Holdings Inc. (NASDAQ: CELH): $27.50, down $0.65 (2.29%)
Investor Sentiment
Coca-Cola’s stronger outlook demonstrates the resilience of its global brand portfolio and pricing strategy, but the stock’s decline suggests investors remained focused on weak North American demand. The company’s at-home business continues to outperform sales through restaurants, theaters and amusement parks, where consumer traffic remains under pressure.
Market participants will watch whether international growth and momentum in products such as Diet Coke, Coke Zero Sugar, Fairlife and Smartwater can offset persistent softness in the U.S. The results may also shape expectations for PepsiCo, Keurig Dr Pepper, Monster Beverage and Celsius as beverage companies compete for cautious consumers across traditional soda, water and energy-drink categories.
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