Coca-Cola HBC beats quarterly revenue growth estimates
Emerging markets, which include African, Central and Eastern European countries reported a 20.3% quarterly growth, the Swiss company said. CCH, which is the bottling partner for Coca-Cola, has been grappling with a high-cost environment and has previously modified prices in an attempt to ease pressures from high inflation and foreign exchange devaluations in Africa. The packager for drinks such as Fanta, Sprite and Monster, reiterated its guidance for 2025 but cautioned that it expects the broader macroeconomic and geopolitical environment to be "challenging and unpredictable".