Coca-Cola on Thursday reported higher sales and profit for the fourth quarter and full-year 2019, driven by concentrate sales growth of 2% for the quarter and 1% for the full year, with a price/mix rise of 5%
Net sales in the quarter grew by 16% to $9.1bn, while full-year net revenue rose by 9% to $37.3bn. The company said that the fourth quarter included one additional day, which resulted in an approximate 1-point benefit to revenue growth.
Coca-Cola global CEO James Quincey and his extended leadership team toured Africa last week with stop-overs in Nigeria and South Africa. According to the company, the visit was a testament to Coca-Cola’s commitment to Africa and its interest in the vast opportunity that the continent presents in driving the beverage company’s overarching growth strategy over the next decade.
Coca-Cola on Friday reported an 8% growth in the third quarter, with sales rising to $9.5bn, from $8.8bn in the previous year.
The soft drinks giant said that its impressive results were driven by innovation, revenue growth management and improving execution. Price/mix rose 6%, which partially offset a 2% decline in concentrate sales.
Coke noted that consumers were drawn to healthier options like its Zero sugar Coke and smaller size cans. In the US, Coke zero sugar grew double-digit in volumes, while its 7.5-ounce mini-cans grew by 15%.
The Coca-Cola Company has produced what it says are sample PET bottles of discarded plastics obtained from the oceans.
According to the company, a sample 300 PET bottles were produced using 25% recycled plastic collected from beaches in Spain, Portugal and the Mediterranean.
The soft drinks giant said that the bottles are the result of a partnership it has with Ioniqa Technologies, a clean-teach spinoff from the Eindhoven University of Technology in the Netherlands, Indorama Ventures and Mares Circulares (Circular Seas).
Coca-Cola on Tuesday reported a 6% revenue growth to $10bn for the second quarter of 2019, driven by consumer-centric innovation, solid core brand performance and improved execution in the marketplace.
The company said it continued to gain global value share, which led to an update of its full year guidance for 2019 to 5% organic revenue growth.
Commenting on the results, the CEO of The Coca-Cola Company, James Quincey, said: “Our strategy to transform as a total beverage company has allowed us to continue to win in a growing and vibrant industry.
Coca-Cola has received approval to market its new trademark energy drink across the globe. The soft drinks giant and Monster Beverage Corp announced on Monday in a joint statement that the arbitration tribunal looking into whether Coca-Cola violated the terms of a 2015 agreement with Monster not to sell its energy drink as it would put the company in direct competition with Monster ruled that Coca-Cola can continue to sell and distribute Coca-Cola Energy, including in markets where it has already been launched and is free to launch the product in new markets globally.
Coca-Cola has announced the launch of its much awaited Costa Coffee RTD as the soda giant forges ahead with further broadening of its portfolio.
The company best known for its trademark Cola said that the new offerings will come in variants of Classic Latte, Caramel Latte, and Black Americano.
Energy drinks maker Monster Beverage Corp is considering expanding its business line beyond energy drink.
The US-based company said at a shareholder’s meeting on Thursday that it was looking to grow its portfolio into different categories beyond energy drinks.
Coca-Cola has been ranked as the fourth most admired brand in Africa’s Best 100 Brands Awards.
Camilla Osborne, Head of Communications, Southern and East Africa made the disclosure on Monday.
Osborne said that Coca-Cola was the only food and beverage brand ranked in the top five most admired brands in Africa, based on the opinions spontaneously recalled by consumers.
The Coca-Cola Company announced on Monday it would retain its majority stake in South African-based Coca-Cola Beverages Africa (CCBA) as talks to find a bottling partner(s) could not be reached.
The soft drinks giant had wanted to refranchise the bottling unit as part of its global plan to unload its capital intensive manufacturing and distribution operations to focus on its main beverage business and improve margins.
