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The Coca-Cola Company Message Board

  • bluecheese4u bluecheese4u Oct 16, 2012 8:04 AM Flag

    THE COCA-COLA COMPANY REPORTS THIRD QUARTER AND YEAR-TO-DATE 2012 RESULTS

    THE COCA-COLA COMPANY REPORTS THIRD QUARTER AND YEAR-TO-DATE 2012 RESULTS

    Strong 4% global volume growth in the third quarter with growth across
    every geographic operating group
    Worldwide brand Coca-Cola growth of 3% year-to-date
    Volume and value share gains continued in total nonalcoholic ready-to-drink
    beverages
    Strong cash from operations, up 15% year-to-date

    Third Quarter and Year-to-Date 2012 Highlights
    • Strong global volume growth of 4% in the quarter and 5% year-to-date, with volume
    growth across every geographic operating group in the quarter. North America
    volume grew 2% in the quarter and year-to-date, and international volume grew 5%
    in the quarter and year-to-date.
    • Third quarter reported net revenues grew 1% and comparable currency neutral net
    revenues grew 6%. Year-to-date reported net revenues grew 3% and comparable
    currency neutral net revenues grew 6%.
    • Third quarter reported operating income and comparable currency neutral
    operating income both grew 1%, in line with our expectations. Year-to-date
    reported operating income grew 5% and comparable currency neutral operating
    income grew 4%.
    • Currency represented a 5% headwind on comparable net revenues and a 7%
    headwind on comparable operating income in the quarter.
    • Third quarter reported EPS was $0.50, up 4%, and comparable EPS was $0.51,
    down 2%. Year-to-date reported and comparable EPS were both $1.56, up 5% and
    2%, respectively.
    • Year-to-date cash from operations was up a strong 15%.

    ATLANTA, Oct. 16, 2012 – The Coca-Cola Company today reported strong third quarter and
    year-to-date 2012 results, with solid volume and revenue growth, and continued volume and
    value share gains in total nonalcoholic ready-to-drink (NARTD) beverages, as well as across
    nearly every beverage category in which the Company competes.
    Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, “We
    are pleased with our third quarter and year-to-date results. We continue to deliver consistent
    and solid performance, with our business growing worldwide volume by 4% in the quarter and
    5% year-to-date. Importantly, we realized growth in the quarter across all five of our global
    geographic operating groups, despite continued volatility in the worldwide economy. We have
    been able to crack the calculus for growth in this environment. We have done this by
    consistently investing in our system and our brands to ensure that our global portfolio is more
    relevant and healthier today than it has ever been. We remain resolutely focused on ensuring
    that we leverage our wonderful heritage and fuse it with what is expected by our consumers
    today in order to earn and sustain our place in their daily lives tomorrow.”
    PERFORMANCE HIGHLIGHTS
    The Coca-Cola Company reported strong worldwide volume growth of 4% in the third quarter
    and 5% year-to-date. Volume growth in the quarter was well-balanced around the world, with
    growth in all geographic operating groups as well as growth across both developed markets
    (+2%) and emerging markets (+7%). The Company reported solid growth in key developed
    markets, including North America (+2%), Japan (+2%) and Europe (+1%), which reported
    growth across all business units in the quarter. In addition, the Company delivered strong
    volume growth in key emerging markets such as Thailand (+19%) and India (+15%) in the
    quarter. Our China business delivered 2% volume growth in the quarter and 6% growth year-todate.
    In the third quarter, we grew global volume and value share in total NARTD beverages, with
    volume and value share gains across nearly every beverage category in which we compete.
    Brand health remains consistently strong, with continued improvements in favorite brand scores
    and growth among consumers who enjoy at least one product from our broad portfolio of
    beverage brands per week. Through our occasion-based brand, package, price and channel
    segmentation strategy, we remain closely connected to our consumers with a dual focus on
    recruitment and affordability. Our immediate consumption beverage volume continues to grow,
    up 4% globally in the quarter and 5% year-to-date.

    Worldwide sparkling beverage volume grew 3% in the quarter and year-to-date. This
    represents nearly 450 million incremental unit cases year-to-date, or the equivalent of adding
    another Russia to our global business. We grew volume and value share in global core
    sparkling beverages in the quarter, led by brand Coca-Cola and reflecting a balanced portfolio
    approach to growth in the core sparkling beverage category. Worldwide brand Coca-Cola
    volume grew 2% in the quarter and 3% year-to-date, with growth in the quarter across diverse
    markets, including India (+34%), Russia (+18%), Brazil (+3%), Mexico (+3%) and South Africa
    (+2%). In addition, worldwide Fanta volume grew 7% in the quarter and 5% year-to-date, and
    Sprite volume grew 4% in the quarter and 5% year-to-date, as we leveraged global marketing
    campaigns in locally relevant ways.
    Worldwide still beverage volume grew 10% in the quarter and 9% year-to-date, with solid
    growth across beverage categories, including packaged water, juices and juice drinks, ready-todrink
    tea and coffee, sports drinks and energy drinks. Excluding the impact of acquisitions, still
    beverage volume grew 8% in the quarter and year-to-date. We grew global volume and value
    share in total still beverages and delivered share gains across all still beverage categories in
    which we compete. Ready-to-drink tea volume grew 13% in the quarter, with continued strong
    performance of key brands such as Gold Peak and Honest Tea in North America, Ayataka green
    tea in Japan and Fuze Tea, which we continued to expand across markets worldwide during the
    quarter. Packaged water volume grew 10% in the quarter, driven by our focus on innovative and
    sustainable packaging and immediate consumption occasions, most recently with our new
    “PlantBottle with a Twist” campaign, first aired during the summer 2012 Olympic Games.
    Energy drinks volume grew 19% in the quarter driven by growth across our global portfolio of
    energy brands.

    thecoca-colacompany

 
KO
41.95-0.44(-1.04%)Dec 19 4:02 PMEST

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