Earlier today, The Coca-Cola Co posted a 28% dip in net profits for the three months to the end of September. Here, just-drinks takes a look at how each region has performed for the soft drinks giant in the quarter:
Europe, Middle East & Africa
- NARTD (non-alcoholic-ready-to-drink) beverages gained volume and value share, the company said
- Unit case volumes grew 2%, including 1 point of growth from acquired brands – primarily in Africa
- Sparkling beverage volumes were up 1%, while still beverages grew 4%
- Unit case volumes growth in the Western Europe and Middle East & North Africa business units was partially offset by a decline in the firm’s Central & Eastern Europe business unit, which was driven by poor weather as well as the cycling of a strong performance in the corresponding period in 2015.
Latin America
- Sparkling beverage volumes declined 2% and stills declined 1%
- Unit case volume performance was driven by high single-digit declines in the Latin Centre business unit, amid continued macroeconomic challenges in Venezuela and a mid single-digit decline in Brazil, the company said.
- These declines were partially offset by mid single-digit growth in Mexico.
North America
- The company gained value share in total NARTD beverages for the 26th consecutive quarter
- Sparkling volumes came in flat. Growth in Sprite, Fanta and energy drinks was offset primarily by a decline in Diet Coke. Coca-Cola Zero grew low single digits
- Still beverage volumes grew 2%, primarily driven by water and sports drinks. Volumes in the dairy category grew double digits and Vitaminwater grew high single digits, the firm said.
Asia Pacific
- Coca-Cola Co gained volume and value share in total NARTD beverages
- Sparkling beverage volumes came in flat
- Still beverage volumes grew 5%
- Unit case volumes growth included 4% growth in Japan and 2% growth in China, partially offset by a 4% decline in India, the company said.
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