"Coca-Cola's Stock Struggles Amid Weight Loss Drug Concerns and Strong Earnings"

Coca-Cola has outperformed PepsiCo in the third quarter, reporting volume growth while PepsiCo reported flat beverage volume and a decline in its food volume. Coke's success can be attributed to factors such as a more favorable pricing strategy, better brand performance, a stronger away-from-home business, international strength, and the franchising of its bottling operations. Despite both companies facing challenges from higher interest rates and concerns about the impact of weight loss drugs, Coke's overall volume rose 2% while Pepsi's North American beverage unit saw volume fall 6%.