Coca-Cola’s unit case volumes grew 1% overall in the third quarter, leading to better-than-expected quarterly profits. The company plans to sell a majority stake in the largest Coca-Cola bottler in Africa, which contributed to a more than 3% increase in share prices. Revenue slightly missed expectations, but adjusted earnings were $0.82 per share on $12.46 billion in revenue.

Despite slower consumer demand, Coca-Cola’s price increases and product shifts helped drive strong earnings. Unit case volumes were up 1% overall, with sparkling soft drink volumes remaining steady and growth in Coca-Cola Zero Sugar. The company remains confident in meeting its 2025 guidance and expects 5%-6% organic revenue growth for the year.

CEO James Quincey acknowledged a challenging environment but expressed confidence in meeting targets. Coca-Cola also announced a $2.6 billion deal to sell a majority stake in the largest Coca-Cola bottler in Africa. Shares are up approximately 13% since the beginning of the year, with the stock nearing 2025 highs.

Read more at Yahoo Finance: Coca-Cola Earnings Beat Expectations. The Stock Is Rising Toward 2025 Highs.