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.
We're just over two months away from the start of the biggest sporting event on earth: The FIFA World Cup kicks off on 12 June, when host country Brazil take on Croatia in the first match of the month...
The Coca-Cola Co (TCCC) is the leading player in both soft drinks and in HW soft drinks. The company’s strength is based on its diversity of category presence from HW carbonates to RTD tea and bottled...
The Coca-Cola Company slightly underperformed the world’s soft drinks market amid the recession in Western Europe and slow economic recovery in the US. It is actively expanding in low calorie carbonat...
Consumption of fruit/vegetable juice declined in 2012 in both the off-trade and on-trade channels. Off-trade volume sales of fruit/vegetable juice fell by 5% in 2012; a third consecutive year of decli...
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Treasury Wine Estates: Here I Go Again On My Own
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Suntory Holdings to split beer, spirits division
- Treasury Wine Estates pulls plug on takeover talks
- Quintessential Brands changes MD at Essential unit