Coca-Cola Co. reported a 1% decline in third-quarter revenue as sales volumes flattened or declined globally. However, the company exceeded Wall Street's expectations and anticipates a 10% increase in full-year organic revenue. Coke attributed the decline in revenue to higher prices, which were raised by 10% in the July-September period. While demand for Coca-Cola Zero Sugar rose by 11%, sales of juice, dairy, water, sports drinks, and coffee decreased. Unit case volumes remained flat in North America and Latin America, while they fell 2% in Asia and Coke's Europe, Middle East, and Africa segment. Coke's shares dropped 2% in premarket trading.
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