We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

Coca-Cola Profit Soars 64 Percent In Quarter; Plans Tariff-Induced Price Hikes

July 25, 2018: 12:00 AM EST
Coca-Cola reported a second quarter profit of $2.3 billion – a 64 percent increase from a year ago – on an organic revenue increase of five percent (excluding currency swings, acquisitions and divestitures), helped by growth in sales of concentrates and higher prices for products. Overall sales slid eight percent from last year to $8.9 billion, thanks to divestiture of bottling operations. The company said it is raising prices on carbonated drinks in North America in response to rising freight rates and metal prices – “some broad-based push on input costs,” said CEO James Quincey – spurred by tariffs on Chinese imports. Drink volumes rose two percent, driven by double-digit growth in Coca-Cola-branded products. Volumes were up two percent in carbonated soft drinks and four percent for water, enhanced water and sports drinks.
Jennifer Maloney, "Coke Raising U.S. Soda Prices, Citing Tariffs", Wall Street Journal , July 25, 2018, © Dow Jones & Company, Inc
Domains
FOOD BUSINESS NEWS
News
Brands & Marketing
Market News
Pricing
Geographies
Worldwide
North America
United States of America
Categories
Coca-Cola
Companies
Companies, Organizations
Earnings Release
Market News
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.