QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 54, No. 8, August 2014, Posted On: 7/24/2014


Coca-Cola's 2Q Earnings, Revenue Fall Amid Weak Diet Coke Sales


Emily Jed
Emily@vendingtimes.net
TAGS: vending, soda vending, Coca-Cola Co., Coke sales, Diet Coke sales decline, Fanta, Sprite, Coca-Cola 2014 second quarter

ATLANTA -- Coca-Cola Co.'s sales and profit declined in its second quarter as demand for Diet Coke remained weak in North America. Coke's profit fell 3% to $2.6 billion, or 58¢ a share, from $2.68 billion, or 59¢ per share, in the comparable period last year. Revenue dipped 1.4% to $12.57 billion.

Sales volume in North America remained steady, despite declining Diet Coke sale that may be attributable to health-conscious consumers shying away from artificial sweeteners. Juice drinks also saw declines, as Coke raised prices to cover higher commodity costs. Sales volume of regular Coke rose 1% in North America, which officials said resulted from meeting demand for smaller packages. Fanta and Sprite also saw gains in the region.

Globally, the world's largest soda maker saw volume rise 3% in its second quarter, boosted by 2% growth in sparkling beverages with pronounced gains in Asia and Africa.


Topic: Vending Features

Articles:
  • Congressmen Roskam And Woodall Visit A.H. Management And Flowers Foods
  • Swire Coca-Cola USA Opens New Distribution Plant In Colorado
  • Coca-Cola To Complete Bottler Refranchising By Yearend; New Company Scoops Up Coke's Northeast Territories
  • Five Star To Connect 9,000 Interactive Devices To USAT's EPort Platform
  • Nayax Partners With Italy's Produco To Bring VPOS Cashless Vending To Pisa Airport

Copyright © 2017 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