The Coca-Cola Co., Atlanta, reported worldwide volume growth of 5 percent and a net revenue increase of 5 percent for the second quarter of 2010.
Led by the Coca-Cola brand, volume grew 2 percent in North America, and internationally volume increased by 6
percent for the second quarter, the company reported. The company grew its
volume 4 percent for the first half of 2010.
Year-to-date net revenue increased by 5 percent, the company
said. Operating income increased by 13 percent in the quarter and by 15 percent
year-to-date, it reported.
Brand Coca-Cola, which was up 5 percent in the second
quarter and 4 percent year-to-date, aided the company’s growth through
investments in global properties, such as the FIFA World Cup sponsorship and
the “Open Happiness” marketing campaign. Brazil,
Mexico, the Philippines, Turkey,
Thailand, Russia, India
and the United States
saw strong growth in the Coca-Cola brand.
Total sparkling beverage volume increased 3 percent in the
quarter, with international sparkling beverage volume increasing 4 percent.
Total still beverage volume increased 10 percent in the quarter, led by
continued growth in juices and juice drinks, sports drinks, teas and water
brands. Still beverage volume increased 11 percent internationally.
The company also is engaged in integration planning for its
acquisition of Coca-Cola Enterprises’ North American bottling operations, which
it expects to complete in the fourth quarter of 2010, it said.
Coca-Cola reports second quarter growth
July 21, 2010