Company reports 25th consecutive quarter of value share growth
The Coca-Cola Co., Atlanta reported its third-quarter and year-to-date 2013 results, noting continued global value share gains in total non-alcohol ready-to-drink (NARTD) beverages. Worldwide volume grew 2 percent in the quarter and year-to-date, with North American volume up 1 percent in the quarter and year-to-date, the company reports. This marks the 25th consecutive quarter of global value share growth in NARTD beverages, it adds. However, net operating revenue was down 3 percent for the third quarter compared with the prior-year period and 2 percent year-to-date compared with the prior-year period.
Globally, the company experienced volume and value share gains within its sparkling beverages, juice and juice drinks, sports drinks, and RTD tea portfolios. Immediate consumption beverage volume continued to grow, up 2 percent globally in the quarter and year to date, which was driven by focused in-store activation efforts and continued cold drink equipment expansion, the company says.