Premium drinks and mini cans help Coca-Cola boost third quarter results despite tepid demand

Core Insights - The Coca-Cola Company reported a 6% increase in organic revenue, reaching $12.41 billion for the third quarter, aligning with Wall Street expectations [1] - The company's net income surged by 30% to $3.69 billion, with adjusted earnings per share at 82 cents, surpassing analysts' forecast of 78 cents [2] Revenue and Pricing - The increase in revenue was primarily driven by higher prices, with a reported price hike of 6% during the quarter [2] - Organic revenue growth of 6% was consistent with market expectations, indicating strong performance in pricing strategy [1] Volume Performance - Unit case volumes increased by 1% globally, with variations across regions: flat in North America and Latin America, down 1% in Asia, but up 4% in Europe, the Middle East, and Africa [2]