Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations as consumers shook off higher prices for its namesake soda, Simply juice and other drinks.
Excluding transactions gains, restructuring costs and other items, the beverage giant earned 74 cents per share.
Coke's unit case volume, which unlike its net revenue excludes pricing and currency, grew 2% in the quarter despite its higher prices.
All of Coke's drink divisions reported volume growth.
The company said it will share the rest of its 2024 outlook when it reports fourth-quarter earnings early next year.
Persons:
Coke
Organizations:
LSEG, PepsiCo, Pepsi
Locations:
U.S, Europe, North America