Coca-Cola says sales boosted by bottled water, low-sugar drinks
Says gaining share in a growing industry. Says currency headwinds were stronger than expected. Says top and bottom-line growth is broad-based. Says macroeconomic environment in Turkey, Middle East is "tough". Says natural disasters overshadowed pipeline in Japan. Says flood in Japan destroyed a bottling facility. Says Mexico continues to perform well. Says continues to deliver strong performance in North American marketplace. Says sales boosted by bottled water, low-sugar drinks. Says remains disciplined about allocation of capital and focus on M&A as an enabler. Says will aim to preserve Costa's unique capabilities. Says created Global Ventures group to get maximum value of acquisitions. Says believes leadership changes will set up company for success in years to come. Comments taken from Q3 earnings conference call.