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.