Coca-Cola Sees 8% Q1 Profit Gain
Coca-Cola's net income gained 8% in its fiscal Q1, driven by 5% global volume growth.
Earnings were $2.07 billion, or 89 cents a share; analysts expected 87 cents per share. The profit growth was realized despite a 10% increase in input costs, according to the company.
Net operating revenue grew 6%, to $11.1 billion.
Volume grew in all geographic divisions. The largest gains were in India (20%) and China (9%), but volume also increased in developed markets, including North America (2%), Japan (3%) and Germany (3%). International volume grew 6%.
Globlly, sparkling beverages volume grew 4% and still beverages volume grew 9%.
The flagship Coca-Cola brand's volume grew 4% globally and 1% in the U.S./North America, with N.A. performance driven by marketing around the Super Bowl and "American Idol," as well as the final phase of its Arctic Home program. Fanta's N.A. volume was up 4%. (Both Fanta and Sprite saw volume gains of 4% globally.)
N.A. still beverages volume grew 6%, including volume and share gains by juices and juice drinks, sports drinks, energy drinks and ready-to-drink eam.
The N.A. still-beverages volume growth was led by Powerade (13%), driven by its new “Power Through” campaign and NCAA March Madness activations. Dasani water in PlantBottle packaging, Gold Peak tea, Vitaminwater Zero and Smartwater also saw double-digit N.A. growth.
Recent Marketing Daily Articles
-
JetBlue, Marriott Top Their Industries June 19, 12:23 a.m.
Just as the summer travel season heats up, the American Customer Satisfaction Index (ACSI) has released ... -
Evian Launches Wimbledon 'Wiggle' Social Effort June 18, 5:20 p.m.
<Evian -- no slouch at driving buzz during the Wimbledon tournament -- has come up with ... -
GMA/PwC Report: CPGs' Growth Slows Amid 'Rules' Shift June 18, 3:56 p.m.
Net sales growth rates for consumer packaged goods (CPG) companies slowed last year amid challenges including ... -
Industry Is Expanding In Advertising, Social June 18, 12:29 p.m.
Retailers are planning to spend big on more stores, digital technology and marketing initiatives in the ... -
Chevrolet's Fleck Talks Northeast Strategy June 18, 9:23 a.m.
Bill Fleck, Chevy's Northeast regional marketing manager, has a lot of work to keep him up ... -
Affluence Not Just For Affluent June 18, 8:58 a.m.
For affluent consumers, traditional media is still the way to go, per the latest monthly study ... -
Marriott Modifies Marketing Message June 17, 3:47 p.m.
Holiday Inn Express may advise people to “Stay Smart,” but Marriott Hotels wants to be more ... -
DeMoulin: Booming Licensing Show = Booming Business June 17, 9:05 a.m.
The Licensing Expo starting on Tuesday is the largest such event in the world, bringing 16,000 ... -
Kia Back To Rock At Vans June 17, 8:48 a.m.
Kia has a couple of cars it's pitching to younger people. What better place to do ... -
United Donates Miles To Make-A-Wish June 16, 11:17 p.m.
United Airlines is donating one million MileagePlus miles to Make-A-Wish. The donation, which is being made ...
Be the first to comment on "Coca-Cola Sees 8% Q1 Profit Gain"
Leave a Comment