Coca-Cola releases second-quarter results
July 22, 2009
Coca-Cola released its second-quarter results this week, reporting worldwide unit case volume growth of 4 percent in the quarter and 3 percent year-to-date, as well as international unit case volume growth of 5 percent in the quarter and 4 percent year-to-date.
Unit case volume growth increased in key emerging markets, the company said, with 33 percent growth in India and 14 percent growth in China, as well as unit case volume growth in Japan, Brazil, Mexico, Argentina, Thailand, Korea and Northwest Europe.
"Globally, we gained volume and value share in non-alcoholic ready-to-drink beverages for the eighth consecutive quarter," the company said in a statement. "Through our global Open Happiness campaign, we continue to grow brand Coca-Cola, up 3 percent in the quarter. Notably, brand Coca-Cola growth was strong across both developed and emerging markets including 3 percent growth in Mexico, 5 percent growth in Japan, 6 percent growth in China and 29 percent growth in India. Sparkling beverage unit case volume increased 2 percent in the quarter, with international sparkling beverage unit case volume increasing 4 percent, cycling 2 percent growth. Still beverage unit case volume increased 8 percent in the quarter, led by sound growth across the portfolio, including juices and juice drinks, sports drinks, teas and water brands. Still beverage unit case volume increased 12 percent internationally and 1 percent in North America."
For more details on Coca-Cola's results, see thecoca-colacompany.com.