Coca-Cola 1Q Net Up 7.9% As Worldwide Volume Rises 5% |
| Wall Street Journal - Apr 17, 2012 |
Coca-Cola Co.'s (KO) first-quarter earnings rose 7.9%, with sales boosted by higher volumes in all operating regions, including North America and Europe, and higher prices.
Input costs, up 10% versus last year, continued to take a bite out of margins, although Coca-Cola is managing through that environment by cutting costs out of other areas, raising prices and selling its drink products in a wider variety of sizes.
Raising prices and a shift in the mix of products sold made up about half of Coca-Cola's 6% global revenue growth in the latest quarter. The boost from price and mix was slightly above the 1% to 2% gain that the company expects to get from the full year.
Despite the higher prices, Coca-Cola turned in higher volume in each operating region. In the closely watched North American market, Coca-Cola's volume was up 2%; several analysts were projecting no growth in Coca-Cola's home base. The increase was weighted more toward Coca-Cola's still beverages like Powerade sports drink, Dasani bottled water and Gold Peak tea, as soda sales volume only rose 1%.
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- Posted: 2012-04-17 09:17:19
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