Coca-Cola says Q3 comparable currency neutral net revenues grew 4%

theflyonthewall.com

A 3% decline in Q3 reported net revenues reflects a 1% increase in concentrate sales and 2% price/mix, offset by a 4% impact from structural changes, principally the deconsolidation of bottling operations in the Philippines and Brazil, and a 2% currency headwind. Excluding the impact of structural changes, comparable currency neutral net revenues grew 4% in the quarter and 3% year to date. Coke anticipates that the Philippine bottling transaction, together with the bottling transaction in Brazil, will reduce its full-year 2013 reported net revenues by 3%.

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