Sugar-free drinks are giving Coca-Cola a boost

In the third quarter, Coca-Cola posted stronger-than-expected growth in revenue and profit. The soft drink giant is also raising its outlook for the full fiscal year.

Strong growth for Coca-Cola Zero

Coca-Cola’s revenue rose 7% to $13.4 billion, while total volumes increased by 5%, driven primarily by growth in India, China, Mexico, and Brazil. In Europe, volumes rose by 5%, while in North America they remained stable. Net income increased by 8% to $4 billion. Comparable earnings per share rose by 11%. With these results, the company outperformed expectations.