The Coca-Cola Company has reported solid sales growth in the third quarter, with margin and premium beverage share both seeing improvement.
Net revenues for the quarter ended October 2 grew 7 per cent to US$13.4 billion, with organic revenues also up 7 per cent, driven by a 7 per cent increase in concentrate sales and 1 per cent growth in price/mix.
Operating margin rose from 32 per cent a year ago to 33.4 per cent, and comparable operating margin increased from 31.9 per cent to 32.9 per cent.
The company also gained value share in total nonalcoholic ready-to-drink beverages during the period.
“Our results this quarter demonstrate our system’s sustained momentum, giving us confidence in our updated full-year guidance,” said Henrique Braun, CEO of The Coca-Cola Company.
“By staying close to consumers and executing with agility across our global system, we are delivering quality growth while continuing to invest in the capabilities, brands and people that will fuel our future.”
By geography, Latin America reported the biggest improvement in net revenues with a 25 per cent increase. Other regions, including Apac, North America and EMEA, saw more modest growth of 3-4 per cent.
For the full year, the company expects organic revenues to increase by at least 5 per cent.
- Further reading: Coca-Cola ‘encouraged’ by steady global growth in 2025.
