Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, sending its shares up 2.4 per cent.

Organic sales, which exclude the impact of the company&#39;s ongoing efforts to franchise its bottling operations, rose 6 per cent, helped by demand for products such as Georgia Coffee and Glaceau vitamin water.

Net operating revenue fell to $7.51 billion from $9.41 billion a year earlier, but beat the average analyst estimate of $7.36 billion, according to Thomson Reuters I/B/E/S.

Global volume growth remained unchanged even as North America volumes increased 1 per cent.

The Fanta and Diet Coke maker reported a net loss of $2.75 billion, or 65 cents per share, in the fourth quarter ended December&nbsp;31, mainly due to a $3.6 billion charge related to the new tax law. A year earlier the company had posted a profit of $550 million, or 13 cents per share.

The company&#39;s margins improved by 3.15 percentage points, largely due to divestitures of lower-margin bottling businesses.

On an adjusted basis, the company reported earnings per share of 39 cents, beating analysts&#39; average estimate of 38 cents.

Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, sending its shares up 2.4 per cent

Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, sending its shares up 2.4 per cent. Organic sales, which exclude the impact of the company's ongoing efforts to franchise its bottling operations, rose 6 per cent, helped by demand for products such as Georgia Coffee and Glaceau vitamin water. Net operating revenue fell to $7.51 billion from $9.41 billion a year earlier, but beat the average analyst estimate of $7.36 billion, according to Thomson Reuters I/B/E/S. Global volume growth remained unchanged even as North America volumes increased 1 per cent. The Fanta and Diet Coke maker reported a net loss of $2.75 billion, or 65 cents per share, in the fourth quarter ended December 31, mainly due to a $3.6 billion charge related to the new tax law. A year earlier the company had posted a profit of $550 million, or 13 cents per share. The company's margins improved by 3.15 percentage points, largely due to divestitures of lower-margin bottling businesses. On an adjusted basis, the company reported earnings per share of 39 cents, beating analysts' average estimate of 38 cents.

Coca-Cola sales beat as consumers drink more vitamin water, coffee

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Coca-Cola sales beat as consumers drink more vitamin water, coffee