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

(Reuters) – Coca-Cola Co (KO.N) 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 percent.

Organic sales, which exclude the impact of the company’s ongoing efforts to refranchise its bottling operations, rose 6 percent, helped by demand for products such as Georgia Coffee and Glaceau vitamin water.

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.