Coca-Cola sales beat forecasts as volume soars 20 per cent

18 Apr 2012

1

Sales of Coca-Cola Company's myriad beverages were up around the world in the first quarter, with India clocking a huge consumption increase as volume soared 20 per cent.

With the growth in sales volume, the company's earnings also exceeded analysts' expectations at $2.05 billion, or 89 cents a share, in the quarter that ended 31 March as against 82 cents a share in the same quarter last year.

Revenues grew 6 per cent to $11.14 billion from $10.5 billion in the first quarter last year, pushed by a 5 per cent increase in sales volume driven by even larger increases in emerging markets. China followed India, clocking a growth of 9 per cent, followed by a more modest 4 per cent in Brazil.

According to Muhtar Kent, chairman and chief executive of Coca-Cola whose brands include Fanta, Vitaminwater and Minute Maid juices, more than anything, the company had been able to crack the calculus in the challenging environment.

Kent attributed the company's success to investments it had made in the economic downturn that was now paying off as the American economy showed signs of stabilising and emerging markets gained even more steam.

Americans had begun traveling and eating out more, which increased sales of the company's products, he added.
However, sales in Europe remained weak and showed little sign of improvement, Kent said.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers