Coca-Cola to launch cane sugar coke after Trump claim

WASHINGTON: Coca-Cola Co. said it plans to launch a new Coke product for American consumers made with US cane sugar this fall.

The announcement came less than a week after President Donald Trump said in a Truth Social post that the company agreed to use cane sugar in Coke beverages sold in the US.

Coca-Cola also posted on Tuesday second-quarter sales growth and profit that beat Wall Street expectations as consumers continue to pay higher prices for the company's soft drinks. The company said it expects full-year comparable earnings per share growth of about 3%, up from a range of 2 to 3%.


The shares fell 1% at 8:34 a.m. in early New York trading. The stock has advanced 13% so far this year, outpacing the S&P 500 Index.

For decades, Coca-Cola has used high fructose corn syrup, which is cheaper than cane sugar, to sweeten its signature product in the US. However, a pricier version of the soft drink that's sweetened with cane sugar and imported into the US from Mexico has gained a cult following.