Bottler Coca-Cola HBC raises annual forecast after Q3 revenue growth beat
Bottler Coca-Cola HBC raised its annual forecast and exceeded market estimates for third-quarter organic revenue growth on Thursday, supported by strong demand for energy, coffee and sparkling drinks. The quarterly revenue jump was fuelled by growth across all segments in volume, pricing, and mix, the company said. Beverage companies are experiencing higher demand despite price hikes, supported by a gradually improving economic environment that enhances customer sentiment.