Few of us would pop open a bottle of Coke to mark a moment of jubilation. But there is much to celebrate in figures from Coca-Cola Hellenic Bottling Company, which gushed 5 per cent higher on the back of a solid third-quarter trading update.
Stripping out currency fluctuations, revenue growth was slightly ahead of consensus at 4.5 per cent, thanks to stronger-than-expected volume growth of 4.2 per cent. The average revenue per case of bottles shipped dropped, reflecting primarily the timing of price increases in the year.
An example of this philosophy can be seen in Coca-Colas recent approach to bottled water. As the market for generic bottled water has decelerated, crimping volume growth, management has emphasized specialty waters and higher-margin variants. Quincey walked through examples of recent bottled water priorities, from the companys acquisition of niche mineral water brand Topo Chico last year to a shift toward higher-end products in China and innovation in Ciel, one of its chief Latin American bottled water brands. The CEO asserted that the company is “moving out of the phase of deprioritizing [low-value water orders] and starting to see some of the benefits of our focus on the premium orders.”
The group, one of the worlds biggest Coca-Cola bottlers, said trading last month had been strong. It was confident that an acceleration in the fourth quarter would enable it to report another year of good growth in both…
Australias major non-alcoholic beverages companies have made a pledge, and your favourite sugary drinks are about to be a lot less sweet!
Coca-Cola has a new beverage on the way, but Australians might miss out. Picture; AAP/Angelo VelardoSource:News Corp Australia
COCA-COLA plans to launch a range of energy drinks as the company attempts to break away from traditional soft drinks and capture the attention of health-focused consumers.
The Coca-Cola Company (NYSE:KO) reported vigorous organic revenue growth of 6% in the third quarter of 2018 against the prior year, propelled in part by surprising expansion in flagship carbonated soft drinks like trademark Coca-Cola and Diet Coke. Better earnings results and numerous recent business transactions may portend a higher level of growth. Below, lets isolate three comments made by CEO James Quincey during the companys earnings conference call on Oct. 30, which illuminate growth factors as well as challenges ahead.
The company’s American division made the announcement yesterday, telling Reuters the drinks would be branded “Coca-Cola Energy” and “Coca-Cola Energy No Sugar”.
Coca-Cola bought South Aussie kombucha tea maker Mojo in September. Picture: Tom HuntleySource:News Corp Australia
It’s been a big year for the beverage manufacturing company. In September Coca-Cola Australia snapped up South Australian kombucha tea maker Mojo for a multimillion-dollar sum.
Just days earlier, the American arm of the company revealed it was studying Cannabidiol – a key ingredient of marijuana – in response to an increased demand for “wellness beverages”.
US Consumers have not been told when they can expect to see Coke’s latest concoction on supermarket shelves, but it does face a legal challenge.
Coca-Cola became the largest shareholder of Monster Beverage Corporation in 2015, and its latest venture could put it in direct competition with the popular energy drink maker, violating their agreement.
News Corp contacted Coca-Cola Australia, where a spokesperson was quick to shut down any speculation that new beverages might reach our shores.
“I understand it’s not going to be launched anywhere until at least April next year,” the spokesperson said.
“As a total beverages company, Coca-Cola is constantly looking for ways to innovate and meet changing consumer demand which is why we regularly launch new beverages here and around the world.
“We do not have an announcement to make about a new beverage in Australia at this time.”
Coca-Cola Australia said there are no plans for a new beverage. Picture: AFP/Daniel Leal-OlivasSource:AFP
Just a few weeks ago, Aussie Coca-Cola fans were left disappointed at news they would not be able to get their hands on a new cinnamon flavour released across the UK.
The Sun reported the spice would be added to Coke’s Zero Sugar range, available in 500ml or 1.25 litre bottles.
But when news.com.au contacted Coca Cola-Australia to find out whether it would make its way down under, a spokesman broke some bad news.
“We are always responding to people’s changing tastes and preferences and we regularly introduce exciting new flavours in Australia such as Coca-Cola Orange No Sugar which is available now,” the spokesman told news.com.au.
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