<p>Coca-Cola Co on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets.</p>.<p>The company has been pushing to launch more coffee, teas and low-sugar beverages to expand its offer of in-demand products as consumers move away from sugary drinks.</p>.<p>At the same time, rival PepsiCo is preparing for the launch of its own coffee-cola beverage that has double the caffeine punch as regular soda. Coca-Cola sells the product in some international markets and is yet to make a U.S. entry.</p>.<p>Coca-Cola's shares were up about 2% in trading before the bell. The stock rose about 17% last year, compared with the broader S&P 500 Consumer Staples index and rival PepsiCo which have each gained about 24%.</p>.<p>Coke sees 2020 organic revenues, a keenly watched metric that excludes currency fluctuations and acquisitions, to grow about 5%, compared with the 6% rise it reported in 2019.</p>.<p>For the year, Coke expects to record adjusted profit of $2.25 per share, a cent below analysts' forecast, according to IBES data from Refinitiv.</p>.<p>Excluding one-time items, Coca-Cola earned 44 cents per share in the fourth quarter ended Dec. 31, meeting Wall Street expectations.</p>.<p>Net revenue grew 16% to $9.07 billion, beating the estimate of $8.89 billion.</p>.<p>Net income attributable to the company's shareholders rose to $2.04 billion, or 47 cents per share, in the fourth quarter ended Dec. 31, from $870 million, or 20 cents per share, a year earlier.</p>
<p>Coca-Cola Co on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets.</p>.<p>The company has been pushing to launch more coffee, teas and low-sugar beverages to expand its offer of in-demand products as consumers move away from sugary drinks.</p>.<p>At the same time, rival PepsiCo is preparing for the launch of its own coffee-cola beverage that has double the caffeine punch as regular soda. Coca-Cola sells the product in some international markets and is yet to make a U.S. entry.</p>.<p>Coca-Cola's shares were up about 2% in trading before the bell. The stock rose about 17% last year, compared with the broader S&P 500 Consumer Staples index and rival PepsiCo which have each gained about 24%.</p>.<p>Coke sees 2020 organic revenues, a keenly watched metric that excludes currency fluctuations and acquisitions, to grow about 5%, compared with the 6% rise it reported in 2019.</p>.<p>For the year, Coke expects to record adjusted profit of $2.25 per share, a cent below analysts' forecast, according to IBES data from Refinitiv.</p>.<p>Excluding one-time items, Coca-Cola earned 44 cents per share in the fourth quarter ended Dec. 31, meeting Wall Street expectations.</p>.<p>Net revenue grew 16% to $9.07 billion, beating the estimate of $8.89 billion.</p>.<p>Net income attributable to the company's shareholders rose to $2.04 billion, or 47 cents per share, in the fourth quarter ended Dec. 31, from $870 million, or 20 cents per share, a year earlier.</p>