Coca-Cola sales, profit beat on strong demand for water, soft drinks

Coca-Cola coffee drink gets wide rollout by end of 2019

Coca-Cola coffee drink gets wide rollout by end of 2019

Coke's Global Ventures unit, which it set up at the end of past year, has taken its first strides towards success with upwards of 200% revenue growth recorded in this quarter.

In February, Coke triggered its worst sell-off in more than a decade after it forecast slower-than-expected revenue growth this year because of currency fluctuations and volatility in emerging markets.

Coca-Cola's sales increased by 5 percent to 8 billion dollars.

Coca-Cola Co acquired the world's second largest coffee chain from Britain's Whitbread for £3.92 billion in August 2018, and closed the deal in January this year. Global unit case volume, a key measure for Coke, rose 2 percent, fueled by a 7 percent spike in Asia Pacific. Coke, which has raised prices to offset higher costs, said it logged double-digit growth for Coca-Cola Zero Sugar globally, with its orange vanilla flavor in the USA particularly strong.

"We remain confident in our full-year guidance as we continue to make progress on our transformation as a consumer-centric total beverage company".

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Coca-Cola's Q1 results were good compared to Pepsi's Q1 earnings.

During the quarter, Coca-Cola completed its acquisition of Costa Ltd. Coca-Cola is reportedly preparing to launch a ready-to-drink coffee product, which will likely be available in stores very soon. It is led by Jennifer Mann, a former head of Coca-Cola Freestyle who before her appointment to Global Ventures was Coke's chief people officer. Quincey reiterated this strategy in the recently held earnings call and mentioned that they will be adding a myriad of new products, which will include smoothies, teas, coffees, and other flavored drinks. The slumming sale was impact of packaging initiatives and price treks, in addition to the timing of Easter, which landed late this year, the company said. All business units achieved positive price/mix in the quarter. And Argentina unit case volume dropped by double digits as the country's decline continued into 2019. The numbers beat initial analyst's forecasts of US$0.46 per share and US$7.88 billion in earnings.

Whereas in other market like North American the company net sales for the region increase by 1% while unit case volume dropped by 1%.

Volumes, a key indicator of demand, grew 2 percent in the first quarter ended March 29, driven by strength in its Asian and European markets.

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