QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 11, November 2013, Posted On: 10/18/2013


Coca-Cola 2013 Q3 Profit Climbs On Improved North American Sales


Emily Jed
Emily@vendingtimes.net
TAGS: vending soda sales, Coca-Cola 2013 third quarter, carbonated soft drink declines, Coke's noncarbonated drink, still-drink sales, bottled water, Honest Tea, Fuze, Muhtar Kent, Coke financials, CSDs

ATLANTA -- Brisker sales for Coca-Cola's still beverages in North America offset declining consumption of carbonated soft drinks in the third quarter.

Coca-Cola Co.'s net income climbed 6% to $2.45 billion, or 54¢ a share, in the third quarter, up from $2.31 billion, or 50¢ a share, in the same period last year. Revenue fell 3% to $12.03 billion from $12.34 billion.

Coke's global beverage sales volume grew 2%. In North America, sales volume climbed 2%, largely attributable to the strong performance of Coke's noncarbonated drinks. Still-drink and bottled water sales rose 5%, and sales of teas, including Honest Tea and Fuze, saw double-digit percentage growth. Carbonated beverage sales in the North America stayed level.

Beverage volume rose 5% in the Asia-Pacific region and 4% in Eurasia and Africa. Volume fell 1% in Europe and held steady in Latin America.

Coca-Cola chief executive Muhtar Kent reported that the Coke brand delivered a record 181 billion beverage servings in the quarter.

The Coca-Cola chief said the beverage giant was on track to achieve its goal of doubling its 2010 "system revenue," which includes its sales and those of its bottlers, by 2020.


Topic: Vending Features

Articles:
  • Confectionery Companies Step Up In Fight Against Ebola
  • Mayor De Blasio Revisits NYC Soda Ban
  • Aramark To Pilot Mobile Payment Technology At Sports Venues
  • Crime Is A Drag For NC Vending Machine Thieves
  • Apple Pay Goes Live On Monday, Oct. 20

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570