Coca-Cola raises forecast on new coffee and cool-drink offerings
Soft-drink company responds to changing consumer tastes by moving beyond traditional fizzy drinks
23 July 2019 - 17:13
Bengaluru — Coca-Cola beat second-quarter earnings expectations and raised its organic revenue forecast for the full year, betting on its new ready-to-drink coffee business and demand for zero-sugar fizzy drinks.
The world’s biggest beverage maker said on Tuesday it now expects organic revenue to grow 5% for the whole of 2019, up from its previous projection of a rise of about 4%...
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