COCA-COLA Co. said on Wednesday its third-quarter (Q3) revenue fell as sales volumes flattened or declined around the world.
COCA-COLA Co. said on Wednesday its third-quarter revenue fell as sales volumes flattened or declined around the world.But the company still beat Wall Street's forecasts and said it expects full-year organic revenue to rise 10 percent, which is at the high end of its previous guidance.The Atlanta beverage giant said its revenue fell 1 percent to $11.9 billion. That beat Wall Street's forecast of $11.6 billion, according to analysts polled by FactSet.
But prices are also rising due to growing sales of premium beverages like Fairlife milk and Topo Chico sparkling water.Quincey said Coke will continue to see some inflation in labor, packaging and commodity costs next year, but he also expects smaller price increases and a return to volume growth. Some volume losses in the third quarter were likely temporary; for example, demand was down in India due to monsoons.
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