For Coca-Cola, the grass really is greener on the other side (of the Atlantic). And green is exactly what is needed for the soda giant, per its Q3 earnings report released this morning. Under economic pressure (with no end in sight, mind you), North American consumers are wincing after more inflation-driven pricing actions. Volume remained flat and key non-CSD categories (water, tea, coffee and sports drinks) declined. That hasn’t dampened the overall outlook, though: Full-year guidance is now up to +5% organic sales, thanks to solid growth overseas, and, perhaps more importantly, Topo Chico is back. Read the full story on BevNET. |