Coca-Cola Hits Record High Numbers
Coca-Cola beats an intraday record high in early trading in the wake of surpassing second-quarter earnings estimates. The Soft Drink Company has raised revenue forecast of full-year 2019, per Business Insider.
The company said the reason that quarterly growth rise was mostly because of its soft-drink sales. Coca-Cola Zero Sugar has again seen its double-digit global volume growth for the seventh consecutive quarter.
In the last quarter, the company has also launched new canned coffee drinks and a Coca-Cola energy drink.
The Company is planning to spread its Costa Coffee drink to 10 countries in 2020 and to sell its Coca-Cola Energy cans in 20 countries by the end of 2019. These products of the company are not available in the U.S.
Coke additionally got a lift universally, as worldwide unit case volume rose 3%, which includes a 7% increase in Asia.