Coca-Cola shares hit a record high after the company upped its full-year revenue expectations and said it's winning customers with new drinks like low-sugar sodas and iced coffees.
Coca-Cola shares hit a record high after the company upped its full-year revenue expectations and said it's winning customers with new drinks like low-sugar sodas and iced coffees.
The world's largest drink company also sees plenty of room for growth. Quincey said 80% of the world's population lives in developing markets like Africa, India and China, where commercial beverages make up just one-quarter of drink consumption. In developed markets, commercial beverages account for three-quarters of consumption.
Coke's acquisition of British coffee shop chain Costa Coffee — which was completed earlier this year — is also paying off. New drinks like Coca-Cola Plus Coffee and chilled, low-sugar Costa Coffee beverages saw growth in the April-June period.
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