The Coca-Cola Company “outperforms industry” in Q2
- July 22, 2009
- James Ferre
The Coca-Cola Company has seen volume growth rise by a robust 4 per cent in the second quarter as beverage demand remained strong. The result was led by the key emerging markets of India and China, where volume growth came in at 33 per cent and 14 per cent, respectively.
Still beverages – which include juices, sports drinks, teas and water brands – outperformed sparkling beverages internationally, while the flagship Coca-Cola brand saw volumes climb by 3 per cent.
“We continue to deliver solid operating performance,” said Muhtar Kent, Chairman and CEO of The Coca-Cola Company. “In the first half of the year, we delivered volume and profit results in line with our long-term growth targets, despite very challenging global economic conditions. We outperformed the nonalcoholic ready-to-drink industry in most of our key markets and drove further global volume and value share gains.”
The beverage giant anticipates further growth in the year ahead, while cost-cutting initiatives are progressing smoothly.
“We have also begun rolling out our 2020 Vision, the roadmap for winning together with our worldwide bottling partners,” Mr Kent added. “We believe our unique global franchise model is the best way to win in the market, while providing sustainable profitable growth for our customers and shareowners.”
“Over the next decade, we expect to see a global economy inevitably strengthened by attractive demographic shifts, rapid urbanization, renewed entrepreneurial energy and improved consumer sentiment. These trends bode well for the future of The Coca-Cola Company and our system.”