The Coca-Cola Co. reports 1st-quarter 2013 results
Company plans expanded territories deal with bottlers
Atlanta-based The Coca-Cola Co. reported its results for the first quarter of 2013. Overall, first-quarter reported net revenues declined 1 percent, with comparable net revenues also down 1 percent. This reflects a 2 percent increase in concentrate sales, offset by a 1 percent impact from structural changes and a 2 percent currency impact. Excluding the impact of currency and structural changes, net revenues grew 2 percent despite two fewer selling days in the quarter.
Worldwide, the company’s volume grew 4 percent, with 3 percent growth in Coca-Cola Americas and 5 percent growth in Coca-Cola International. The company also reported solid volume growth in key developed markets, including Germany, which was up 3 percent, as well as North America and Japan, which were both up 1 percent for the quarter. It also delivered strong volume growth during the quarter in key emerging markets, including Thailand, India, Russia, Mexico and Brazil. In addition, the company’s China business delivered 1 percent volume growth in the quarter as well as strong volume growth in countries with per capita consumption of company brands less than 150 8-ounce servings a year, with volume up 7 percent in the quarter overall.