Analyst View: Another Winning Coke Quarter
Coca-Cola beat Street expectations with a 13 percent increase in quarterly net profit Wednesday, as sales at the world's biggest drinks company were driven by international markets, Charles Georgas, an analyst at Jackson Securities, told "Squawk Box."
"Another good quarter of strong buying growth and that's what we expected. A lot of international markets are driving it," Georgas told CNBC's Becky Quick. "India has had a very strong quarter as well."
The weakness of the dollar added to Coke's success, according to Georgas, who said the currency's decline is converging with its strategy.