Coke Zero, New Flavors Lift Coca-Cola Results; Shares Rise

Coke Zero, New Flavors Lift Coca-Cola Results; Shares Rise
Cases of Coca Cola are displayed on a grocery store shelf in San Rafael, Calif. on July 25, 2018. Justin Sullivan/Getty Images
Reuters
Updated:

Strong demand for Coca-Cola Co’s low-calorie Coke Zero, new orange-vanilla cola, and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up 2.2 percent on April 23.

The world’s biggest beverage makers, Coca-Cola, and PepsiCo Inc., are responding to shifting consumer tastes by tweaking ingredients and experimenting with new flavors that are focused more on health-conscious consumers.