Coca-Cola beats profit estimates in Q3, raises full-year guidance

Coca-Cola Co. said third-quarter sales and profit surpassed expectations and the beverage giant raised its guidance for the year, as the company got a boost from value-conscious products amid soaring inflation.
 

The Atlanta-based soft-drink maker, whose beverages include Fanta sodas, Minute Maid juices and Powerade sports drinks, said Tuesday that it benefited from bundling different sizes and mixes of its products for inflation-wary consumers.

The company said it now sees organic revenue growth of 14% to 15% for the full year. In July, Coca-Cola increased its full-year outlook from 12% to 13%. Coca-Cola’s adjusted operating revenue was $11.1 billion in