CEO Sees Challenging Second-Quarter. Says Crisis Response in Coke's 'DNA.'
April 21, 2020
Coca-Cola CEO James Quincey emphasized the company’s resilience today as it reported first-quarter earnings amid the COVID-19 pandemic. Here are initial takeaways from today’s earnings release and company-hosted calls with Wall Street analysts and media:
The table with this story shows global beverage volume performance for CocaCola and PepsiCo, culled from the companies’ most recent annual regulatory filings. The companies disclose growth or decline for selected markets or business units, and those included can vary from...
Globally, as in the US, the diet soda segment has performed better than the regular soda segment as consumers worldwide heed medical advice to reduce sugar consumption and governments tax sugar-sweetened drinks to discourage use. Volume sales for the diet soda segment globally in 2019...
Meanwhile, Could Femsa Really Sell Stake in Coke Bottler?
November 13, 2019
During an Oct. 28 conference call with analysts, Femsa CEO Eduardo Padilla said the Mexico-based company remains interested in expanding into the US convenience store market. The company, which controls Latin American bottler Coca-Cola Femsa, also owns Oxxo, the largest chain of convenience stores in Mexico and Latin America with about 18,000 locations. Padilla’s comment was in response to
Beverage volume sales gains in Brazil decelerated for both Coke and PepsiCo during the third quarter, while each of the companies showed improvement in China. For Coke, Japan posted a lower...
A 100% stevia-sweetened variant of Coca-Cola first launched in New Zealand has moved closer to the US. The product, called Coca-Cola Stevia, gets prominent billing on...
A fast-paced collection of recent news from around the non-alcoholic beverage industry so you go into meetings prepared. Also a great way to feel the industry pulse.
Coke and PepsiCo are now locked in a race to capture international market share in premium RTD coffee with brands that won’t carry their corporate names...
Coca-Cola posted volume gains in a number of major markets in 2018, including Mexico, Brazil and China. The company’s West Africa and South Latin business units turned in declines.
Volume sales in Brazil improved for both Coca-Cola and PepsiCo during the third quarter as the country’s economy also showed signs of improvement. As the table below shows, PepsiCo’s Brazil volume fell only slightly after two quarters of double-digit percentage declines. Coca-Cola’s volume jumped +3% following a second- quarter decline. Coke posted total global volume growth of +2%, while PepsiCo posted a +2.5% gain.