The Coca-Cola Company reports First Quarter 2014 results
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Posted: 12 May 2014 | The Coca-Cola Company | No comments yet
Volume and value share gains in nonalcoholic ready-to-drink beverages…
Volume and value share gains in nonalcoholic ready-to-drink beverages
2% global volume growth with 2% global price/mix
First Quarter 2014 Highlights
- Global unit case volume grew 2%. Coca-Cola International volume grew 2% while North America’s volume was even.
- Reported net revenues declined 4%. Excluding the impact of structural changes, comparable currency neutral net revenues grew 2%.
- Reported operating income declined 1%. Excluding the impact of structural changes, comparable currency neutral operating income grew 7% while we accelerated investments behind our brands.
- Reported EPS was $0.36, down 6%, and comparable EPS was $0.44, down 4%. Comparable currency neutral EPS increased 5%.
- Gained both global volume and value share in nonalcoholic ready-to-drink beverages, with value share gains ahead of volume share gains.
- As part of the expansion of our productivity and reinvestment program announced in February, we are on track to invest an incremental $400 million in 2014 media initiatives in order to accelerate top-line growth.
- Cash from operations was $1.1 billion.