ATLANTA, US – The Coca-Cola Company released earlier this week its second quarter and year-to-date 2014 results.
The beverage giant reported 3% year-over-year growth in worldwide volumes in Q2, with sparkling volumes rising 2%, on July 22. Net revenues fell 1% year-over-year to $12.57 billion, marred by structural changes and unfavorable currency translations.
Second Quarter and Year-to-Date 2014 Highlights
– Global unit case volume grew 3% in the quarter and 2% year to date. Coca-Cola International volume grew 3% in the quarter while North America volume was even.
– Sparkling volume and brand Coca-Cola volume accelerated in North America, Eurasia and Africa, Europe and Asia Pacific in the quarter.
– Global price/mix increased 2% in both the quarter and year to date.
– Reported net revenues declined 1% in the second quarter and 3% year to date. Excluding the impact of structural changes, comparable currency neutral net revenues grew 3% in both the quarter and year to date.
– Reported operating income declined 2% in both the quarter and year to date. Excluding the impact of structural changes, comparable currency neutral operating income grew 5% in the quarter and 6% year to date, resulting in improved operating margins while we continued to invest for growth in our brands with our global system partners.
– Second quarter reported EPS was $0.58, down 1%, and comparable EPS was $0.64, up 1%. Comparable currency neutral EPS increased 6%.
– Year-to-date cash from operations was $4.5 billion.
