Core Insights - Coca-Cola's third-quarter revenue increased by 5% to $12.5 billion, driven by higher prices and strong sales of Coca-Cola Zero Sugar, which grew by 14% [1][3] - Net income rose to $3.7 billion, with adjusted earnings per share at 82 cents, exceeding analyst expectations [1][3] - Despite revenue growth, unit case volume only increased by 1% year-on-year, with flat volumes in North and Latin America and a decline in Asia Pacific [2][3] Revenue and Demand Analysis - Organic revenue, excluding currency fluctuations and portfolio changes, rose by 6%, primarily due to higher pricing and product mix [3] - There are signs of consumer strain, particularly among lower-income consumers in the U.S., leading Coca-Cola to target this demographic with more affordable products [4] Product Strategy and Market Position - The company is expanding its U.S. product lineup with a cane-sugar version of its flagship soda to provide consumers with more choices [5] - Coca-Cola reaffirmed its 2025 forecast, projecting organic revenue growth of 5%-6% [5] - The company is leveraging its franchise model and diverse beverage portfolio to strengthen its market leadership despite challenging conditions [3]