Coke raises full-year sales forecast after stronger-than-expected third quarter
Coca-Cola is raising its full-year revenue forecast after a stronger-than-expected third quarter Coca-Cola raised its full-year revenue forecast Tuesday after a stronger-than-expected third quarter. Atlanta-based Coke said it now expects its organic revenue will be up 10% to 11% for the year. That's up from the 8% to 9% guidance Coke announced at the end of the second quarter. Coke expects earnings __ adjusted for currency variations __ will grow 13% to 14%, up from a previous forecast of 9% to 11%. Coke's shares rose 3% in morning trading Tuesday. Coke said its global case volumes rose 2% for the July-September period. Coffee sales saw the strong est growth, as demand grew in the United Kingdom and China. Coca-Cola Zero Sugar sales were up 3% on growing demand in Latin America and North America. Sports drink sales also grew 3%. Water sales were up 1%, while tea sales fell 1% on declining demand in Turkey and Latin America. In North America, case volumes were flat. Coke sa...