The Coca-Cola Co reported a Q3 organic sales increase

The Coca-Cola Co reported a Q3 organic sales increase

Earlier today, the Coca-Cola Co hailed a "solid third quarter", with organic sales up 4%. Here, just-drinks takes a closer look at the company's regional performance in the three months to the end of September: 

  • Europe, Middle East & Africa

Unit case volumes lifted 1%, driven by the Turkey, Caucasus & Central Asia business unit and mid single-digit growth in Central & Eastern Europe. The rise was partially offset by a low single digit drop in Western Europe, caused by cooler weather. Coca-Cola said volumes across all category clusters enjoyed growth, with mid single digit highlights coming from water, enhanced water and sports drinks.

The firm also gained value share across the juice, dairy, and plant-based beverages category cluster.

  • Latin America

Unit case volumes slipped 3% in the region, driven by high-single digit losses in both Brazil and the Latin Centre business unit. Rain, cool weather and a "softening consumer environment" caused a 1% slip in Mexico

Sparkling soft drinks dipped mid single digits, caused by Brazil and Venezuela. Meanwhile juice, dairy, and plant-based beverages rose low single digits, driven by incremental volume from recently acquired AdeS.

The group maintained value share in NARTD beverages and reported value share gains in sparkling soft drinks. 

  • North America

Overall unit case volumes came in flat as declines in water, enhanced water and sports drinks were offset by growth in tea and coffee. The firm also flagged mid-single digit growth for Sprite and a mid-single digit drop for Diet Coke. 

Coca-Cola Co said the firm gained value share in total NARTD beverages "for the 30th consecutive quarter". Elsewhere, the company gained value share in sparkling soft drinks as well as the tea and coffee category cluster. The juice, dairy, and plant-based beverages category cluster held firm.

  • Asia Pacific

Unit case sales lifted 3% in the region, driven by low-single digit rises in the Greater China & Korea business unit and high-single digit growth in India & South West Asia. Trademark Coca-Cola accounted for more than half of incremental unit case sales for the third quarter in a row, the company said, driven by brand Coca-Cola in China. However, water, enhanced water and sports drinks unit case volumes dipped low single digits, driven by the "strategic deprioritisation of low-margin water" in both China and Japan

The company gained value share in sparkling soft drinks and the juice, dairy, and plant-based beverages cluster. 

Expert analysis

Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers

Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers

Different consumer age groups now have very different expectations and relationships with brands. Understanding what those are, and developing ways to influence them, is becoming increasingly crucial ...read more