Coca-Cola raises profit forecast as premium drinks, sodas hold strong

Coca-Cola has lifted its annual profit forecast, driven by robust demand for a range of beverages, particularly zero-sugar options. The company now anticipates earnings per share growth of at least 9% by 2026. Their third-quarter revenue soared to $13.38 billion, exceeding analysts’ expectations, while Coca-Cola’s strong showing stands in sharp contrast to PepsiCo’s recent downgrades and cost-cutting plans. Following these promising results, Coca-Cola shares rose nearly 1% in premarket trading.

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