During the third quarter of Coca-Cola Company, net sales and profit surpassed its guidance for 2022, as the company got a boost from value-conscious products amid soaring inflation.

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The company said it saw organic revenue growth of 14 per cent to 15 per cent in 2021. In July, Coca-Cola increased its full-year outlook from 12 per cent to 13 per cent. The adjusted operating revenue of the company was $11.1 billion in Q2FY23, beating $10.51 billion.

“When you segment the population, there are certain groups that are going to be under more pressure than others,” Chief Financial Officer John Murphy said in an interview. “It’s an opportunity to offer them solutions at a price point that will be effective to them.”

Also, PepsiCo Inc is the key indicator which increased its organic revenue growth projection from 10 per cent to 12 per cent.