FILE PHOTO: Cans of Coca-Cola are pictured in the refrigerator during an event in Paris, France, March 21, 2019. REUTERS/Benoit Tessier
(Reuters) – Coca-Cola Co beat estimates for quarterly sales on Tuesday, selling more water, sparkling soft drinks as well as new flavors of its signature sodas.
Revenue rose 5 percent to $8.02 billion, above analysts’ estimates of $7.88 billion, according to IBES data from Refinitiv.
Organic sales, which exclude the impact of currency swings and acquisitions, rose 6 percent.
Net income attributable to the company rose to $1.68 billion, or 39 cents per share, in the first quarter ended March 29 from $1.37 billion, or 32 cents per share, a year earlier.
Reporting by Nivedita Balu in Bengaluru; Editing by Bernard Orr