Diet Coke drives sales surge for Coca-Cola in second quarter

July 25, 2018 - 6:28 am

ATLANTA (AP) — Coca-Cola is reporting strong profit and revenue numbers, thanks in part to rising demand for Diet Coke and Coca-Cola Zero Sugar in North America.

The Atlanta company on Wednesday posted second-quarter profit of $2.32 billion, or 54 cents per share. Earnings, adjusted for one-time gains and costs, came to 61 cents per share, a penny better than analysts surveyed by Zacks Investment Research had expected.

Revenue was $8.93 billion, which also beat forecasts for $8.54 billion.

Coca-Cola Co.'s no-sugar drinks business accelerated from the first quarter, driven by sales of Coca-Cola Zero Sugar and Diet Coke.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KO at https://www.zacks.com/ap/KO

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