Analysis

The Coca-Cola Co's Q3 results by region - Focus

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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: 

The Coca-Cola Co reported its Q3 2016 results today

The Coca-Cola Co reported its Q3 2016 results today

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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