Coca-Cola Co. is getting results from its moves to slim down operations and revamp products for healthy-minded consumers.
The analysts' estimates in the first quarter of the year have been revised
Atlanta-based Coca-Cola has been selling it for a while to become a marketing and formulation company. After a lengthy transition period, the strategy is fruitful, with the company saying it's on-track to deliver full-year targets.
The growth of both new and core brands affirms the company's long-term strategy. Slow results previously failed to excite investors, putting Coke's stock in a holding pattern. That may now change. The shares gained as much as 1
.6 percent as of 7:42 a.m. in early trading in New York.
Chief Executive Officer James Quincey, 53, has pushed Coke to grow beyond his name to become a "total beverage company." Muhtar Kent. Coke's next $ 1 billion brand.
This is part of the company's key goal of reducing its dependence on soda: Per capita soft-drink consumption in the U.S. fell to a 31-year low in 2016, the latest year with data available.