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US: Coca-Cola Co. sees Q2 rise on non-CSDs

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The Coca-Cola Co. has posted a slight lift in second quarter profit as non-carbonates made their presence felt in the portfolio.

The global soft drinks giant said today (17 July) that net income for the three months from April to June was up by just under 1% to US$1.85bn. Net operating revenue for the period rose by 19% on the corresponding period a year earlier, coming in at $7.7bn.

While sparkling beverages generated a 4% lift in unit case volume, still beverages, including Dasani and Powerade, saw case volumes leap by 12% in the quarter.

Geographically, the emerging markets performed well, with China, Turkey, India, Brazil, South Africa, Eastern Europe and Southern Eurasia all seeing volumes rise by double-digit rates.

Turning to the more mature markets, Coca-Cola saw volumes rise by 5% in the European Union, with operating income increasing by 21%. In North America, however, volumes slipped by 2%, while volumes for sparkling beverages fell by 3%, reflecting what the company called "the expected difficult category environment resulting from increased retail pricing".

The company also credited Coca-Cola Zero with performing well in a majority of markets.

"We delivered another strong quarter," said company chairman and CEO Neville Isdell. "While very pleased with this performance, we must underscore that we continue to manage for the long term. An overall favourable global environment has assisted our concerted and successful actions in the market place."


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