North America market reports growth in sparkling, still beverages, juice drinks
The Coca-Cola Co., Atlanta, reported its second quarter and year-to-date 2013 results. Globally, the company reported volume growth of 1 percent in the second quarter and 3 percent year-to-date as well as global volume and value share growth in total non-alcohol ready-to-drink (NARTD) beverages as well as in both sparkling and still beverages. Volume growth in the quarter was below the company's expectations due to a confluence of factors that collectively made for a challenging second quarter, it says. Slow economies in Europe, Asia and Latin America, and historically wet and cold weather conditions across multiple regions impacted consumer spending and, consequently, overall NARTD beverage industry performance, it says.
Coca-Cola Americas grew volume by 1 percent in the quarter and 2 percent year-to-date, with North America volume down 1 percent, because of unseasonably cold and wet weather and the timing of the Easter and July 4th holiday periods as well as weakened consumer spending that affected the overall NARTD beverage industry in the region, it says. Latin America volume was up 2 percent in the quarter, it adds.