Focus - The Coca-Cola Co's Q3 & YTD performance by region
Coca-Cola released its Q3 & YTD results today
Earlier today, the Coca-Cola Co reported a drop in year-to-date profits and sales despite an improvement in Q3 net profits. Here, just-drinks takes a look at the company's performance by global region:
Group volumes in the region increased by 2% in Q3 and were flat for the year so far. In the quarter, Coca-Cola's North American unit took volume and value share in non-alcoholic ready-to-drink beverages. Sparkling beverage volumes were even in the quarter. Brand Coca-Cola volumes were up 2% in the quarter and Coca-Cola Zero volumes increased by 5% in the quarter thanks to the launch of Caffeine Free Coca-Cola Zero. Still beverage volumes grew 5% in the quarter.
The company's ready-to-drink tea portfolio delivered double-digit growth in Q3, led by growth in Gold Peak, Honest Tea and Fuze. Juice and juice drink brands grew volumes by 4% in the quarter and packaged water upped volumes by 5% in Q3, led by Dasani.
Group volumes in the region remained the same for Q3 and were up 2% for the year to date. Brazil volumes declined 1% in the quarter against the backdrop of a “deteriorating macroeconomic environment”, Coca-Cola said. Mexico volumes fell by 2% in the quarter. In Q3, Sprite volumes were up by 3% and Fanta volumes by 1%. Still beverage volumes grew 2% in the quarter.
Regional group volumes increased by 5% in Q3 and 3% year to date. Q3 volumes in Vietnam were up by 21% year-on-year. At the same time, China saw volumes jump by 9%, Thailand by 8% and India by 6%. Sparkling beverage volumes were up by 5% in Q3, led by brand Coca-Cola, which was up by 7%. Sparkling beverage volumes growth in India was led by brand Coca-Cola, up 22% for Q3. Japan's sparkling beverage volumes grew 1% in the quarter.
Group volumes in the region fell by 1% in Q3 and 2% year to date. The Share a Coke marketing campaign was praised for helping volumes in Coca-Cola's Northwest Europe and Nordics business unit and its Germany business unit deliver 3% volumes growth in Q3. However, Southern Europe “remains challenging”, Coca-Cola said.
Eurasia and Africa
Group volumes in the region increased by 4% in Q3 and 9% year to date. Volumes growth in the third quarter was once again led by Middle East and North Africa, up 8%, and Central, East and West Africa, up 6%. Sparkling beverage volumes in Eurasia and Africa increased by 4% in the quarter, led by brand Coca-Cola, which grew 3%. Sprite volumes were up by 4% in Q3. Still beverage volumes were up by 3% in Q3. In Russia, Coca-Cola said it gained volume and value share in core sparkling beverages, juice and juice drinks, and sports drinks.
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