Coke reports strong volume growth in Q2 results
The Coca-Cola Company has reported 'solid' second quarter and year-to-date 2012 results, with continued strong volume and revenue growth, as well as further volume and value share gains in total non-alcoholic ready-to-drink beverages.
Highlights
- Strong global volume growth of 4% in the quarter and 5% year-to-date. North America volume grew 1% in both the quarter and year-to-date, and international volume grew 5% in both the quarter and year-to-date.
- Second quarter reported net revenues grew 3% and comparable currency neutral net revenues grew 7%, driven by solid price/mix of 3%. Year-to-date reported net revenues grew 4% and comparable currency neutral net revenues grew 7%.
- Second quarter reported operating income grew 4% and comparable currency neutral operating income grew 7% in the quarter. Year-to-date reported operating income and comparable currency neutral operating income both grew 6%.
- Second quarter reported EPS was $1.21, up 1% and comparable EPS was $1.22, up 4%. Year-to-date reported and comparable EPS were both $2.11, both up 4%.
- Year-to-date cash from operations up 15%. Excluding incremental pension contributions in the first quarter, cash from operations also up 15%. Company shareowners approved a two-for-one stock split on 10 July 2012, the 11th split in the company's stock's 92-year history.
- Productivity and reinvestment programme with incremental annualised savings of $550 to $650m by the end of 2015 is 'on track'.
Source: The Coca-Cola Company
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