Coke Zero Sugar and Pricing Strength Are Driving Coca-Cola's Results
In its third-quarter 2019 earnings results released on Friday, Coca-Cola (NYSE: KO) proved that its recent organic revenue growth in the mid-single digits is no fluke. The consumer-staples bellwether is picking up serious top-line momentum from successful portfolio diversification coupled with a strategic refocus on its global carbonated beverage program. It's obviously not time to read the eulogy for trademark Coke and its family of soda variants just yet.
As we walk through details from the quarter, note that all comparable numbers refer to those of the prior-year quarter.
Data source: Coca-Cola.
Source Fool.com
