Core Insights - Coca-Cola Company reported third-quarter adjusted earnings per share of 82 cents, exceeding the analyst consensus estimate of 78 cents [2] - The company experienced a 6% year-over-year increase in organic sales, with unit cases up 1% [4] - Bank of America Securities analyst Peter T. Galbo reiterated a Buy rating on Coca-Cola, raising the price forecast from $78 to $80, citing the company's strong strategy and performance [3] Financial Performance - Coca-Cola Zero Sugar grew by 14%, with growth across all geographic segments, while Diet Coke/Coca-Cola Light grew by 2%, mainly in North America and Asia Pacific [2] - Price and mix contributed 6 points to organic sales growth, with 4 points from pricing and 2 points from mix [4] - The company ended the third quarter with improved two-year volume trends, particularly in September [3] Market Outlook - Mid-single-digit organic growth is anticipated through 2026, with a growth rate of 4% to 6% expected as volumes gradually firm [6][4] - Emerging markets, including Mexico and Southeast Asia, are facing macro pressures and slower recoveries, which could impact overall performance [4] - The refranchising in Africa is expected to be completed by the end of the year, which will structurally improve profit margins by 2027 [7] Analyst Commentary - Galbo describes Coca-Cola as "best in class" with a balanced portfolio that supports both investment markets and profit engines [3] - The analyst notes that large-cap peers may struggle to match Coca-Cola's growth pace [5] - Currency translation and commodity costs are potential pressures on performance, alongside emerging-market volatility [7]

Core Insights - Coca-Cola Company reported third-quarter adjusted earnings per share of 82 cents, exceeding the analyst consensus estimate of 78 cents [2] - The company experienced a 6% year-over-year increase in organic sales, with unit cases up 1% [4] - Bank of America Securities analyst Peter T. Galbo reiterated a Buy rating on Coca-Cola, raising the price forecast from $78 to $80, citing the company's strong strategy and performance [3] Financial Performance - Coca-Cola Zero Sugar grew by 14%, with growth across all geographic segments, while Diet Coke/Coca-Cola Light grew by 2%, primarily in North America and Asia Pacific [2] - The company ended the third quarter with improved two-year volume trends, particularly in September [3] Market Outlook - Mid-single-digit organic growth is anticipated through 2026, with a growth rate of 4% to 6% expected as volumes gradually firm [6][4] - Emerging markets, including Mexico and Southeast Asia, are facing macro pressures and slower recoveries, which could impact overall performance [4] Strategic Developments - The refranchising in Africa is expected to be completed by the end of the year, which will structurally improve profit margins by 2027 [7] - The IRS dispute outlook has improved due to a favorable ruling, which may positively influence future financials [7] Stock Performance - Coca-Cola shares were down 0.27% at $71.02 at the time of publication [8]