<\/p>\n
The Coca-Cola Company reported<\/a> today stronger-than-expected third-quarter results, with expected revenue growth of 14% to 15%, up from the 12% to 13% it forecast at the end of the second quarter. Revenue grew 10% to $11.1 billion from July to September. <\/p>\n Product price increases have been largely responsible for Coca-Cola’s rise in 2022, but the company is careful not to rest on its laurels. In April<\/a>CEO James Quincey told analysts: “Coca-Cola has been able to stay ahead of inflation so far, but consumers are not going to swallow inflation endlessly.” <\/p>\n From a category perspective, carbonated soft drinks grew 3%, while Coca-Cola brand grew 3% and Coca-Cola Zero Sugar grew 11%. Hydration, sports, coffee and tea grew 5%, both hydration and sports drinks grew 6%. <\/p>\n The company saw a 1% hit to net income following its March 8 announcement to suspend business in Russia due to the conflict in Ukraine. <\/p>\n Looking ahead to 2023, the drinks giant expects commodity prices to remain volatile and global inflation to continue to weigh on its spending. A full outlook for 2023 can be expected during the company’s fourth quarter earnings call. <\/p>\n