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Coca-Cola Tops Q3, Reaffirms Outlook and Strikes $2.55 Billion Africa Bottler Deal

Pricing strength alongside zero‑sugar, premium demand lifted organic revenue 6%.

Overview

  • Coca‑Cola posted adjusted EPS of $0.82 on revenue of $12.5 billion, beating estimates of $0.78 and $12.39 billion.
  • Organic revenue rose 6% on roughly 6% price/mix gains, while unit case volume increased 1% with EMEA up 4%, North America and Latin America flat, and Asia Pacific down 1%.
  • Zero‑sugar beverages led performance with Coca‑Cola Zero Sugar up 14%, and premium lines such as Fairlife and Topo Chico contributed to growth.
  • The company will sell 75% of Coca‑Cola Beverages Africa to Coca‑Cola HBC for $2.55 billion and retain a 25% stake, with closing targeted by the end of 2026.
  • Management kept its 2025 guide for about 3% comparable EPS growth and 5%–6% organic revenue growth, and shares rose 1%–3% premarket as media reported a potential Costa Coffee sale under review.