The Coca-Cola Company reports strong Q3 results

Posted by AFN Staff Writers on 19th October 2011

American multi-national beverage corporation, The Coca-Cola Company, today reported strong third quarter and year-to-date 2011 operating results

Releasing its third quarter results today, The Coca-Cola Company reported worldwide volume growth of 5 per cent in the quarter and 6 per cent in the year up to Tuesday 18 October 2011. It reported third quarter net revenues of US$12.2 Billion.

The Coca-Cola Company reported growth in its sparkling beverages brands, with worldwide brand Coca-Cola volume growth of 3 per cent in the quarter. It said this growth was driven by a number of markets around the world, including 17 per cent in India, 11 per cent in Argentina, 7 per cent in China, 6 per cent in Mexico and 5 per cent each in France, Germany and Great Britain.

Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, “We are pleased with our third quarter results. Importantly, we accomplished these results during a time of ongoing global market volatility. We are confident that we can sustainably achieve our long-term growth targets and enhance the value of The Coca-Cola Company.”