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Coca-Cola Co "transition" year continues as Q1 sales rise, profits fall

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The Coca-Cola Co has seen its first-quarter numbers provide welcome relief, with sales and volumes both holding firm as profit declines slowed.

Could The Coca-Cola Co have turned a corner in its Q1?

Could The Coca-Cola Co have turned a corner in its Q1?

Sales in the three months to the end of March rose by 1% in both value and volume terms. Net profits, however, were down by 4% in the period.

The performance represents a marked improvement on Coca-Cola's 55% profits tumble in the final quarter of 2014.

"Though we are still in the early stages," said CEO Muhtar Kent, "we see some initial positive indicators
that we have the right strategies in place to accelerate growth. However, we continue to view 2015 as a transition year as the benefits from the announced initiatives will take time to fully materialise amidst an uncertain and volatile macroeconomic environment."

Looking forward, the firm said it expects sales growth in 2015 to suffer from a "slight headwind". EPS growth is forecast to grow by mid single-digits.

To read the company's official statement, click here.


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