- Coca-Cola (KO +0.3%) indicates that its bottler refranchising plan is on target or slightly ahead of schedule. Execs say progress is "exciting" and more details should emerge next quarter.
- The company sees Q4 profit taking a 5% to 6% hit from F/X - slightly higher than what was originally forecast.
- Diet soda sales are "under pressure," but execs maintain marketing campaigns are working. Sales of Coke Zero grew mid single-digits during Q3.
- The company thinks full-year margins should remain consistent with the YTD trend.
- Earnings call webcast
Heard during Coca-Cola's earnings call
Oct 15 2013, 11:30 ET