Coca-Cola Co beat second-quarter earnings expectations and raised its organic re...
) beat second-quarter earnings expectations and raised its organic revenue forecast for the full year thanks to higher sales of its zero-sugar sodas, soft drinks with new flavors and ready-to-drink coffees.
PepsiCo’s results also beat analysts’ estimates earlier this month, boosted by demand for smaller packages of its traditional sodas. The company is now betting on its coffee innovations, express vending machines, beans and machines for food service customers to grow sales. Coke Zero Sugar is now in its third year of double-digit volume growth, helped by smaller packaging and new flavors, the company said.
Organic revenue, a keenly watched metric that gives sales growth excluding acquisitions and currency fluctuations, rose 6%.
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