Coca-Cola's profit grow by 14%
The company reported a 10% growth in sales of uncarbonated drinks, including juices and bottled water. Sales of fizzy drinks, which include Coca-Cola, Dr Pepper and Fanta, rose by 3%.
The company reported earnings of
$1.89bn for the third quarter, compared with $1.65bn for the same
period last year – a rise of 14.5%. Revenue was up 9% at $8.39bn,
just below analysts' expectations.
The rise in international and emerging
market sales masked disappointing sales in the US.
CEO of Coca-Cola warned that the
trading environment would continue to be challenging into 2009.
The results come one day after rival
PepsiCo announced that its pre-tax profits had fallen 9% to $1.6bn,
and that it was cutting 3,300 jobs.
Related news
Related news
Tesco is making good progress with the sustainability project
Tesco is committed to sustainable operations and has set ambitious…
Read more >Treasures of Regions – domestic delicacies on the shelves of SPAR
SPAR Hungary helps domestic small producers to enter the market…
Read more >Eco tomatoes are coming again at Lidl
From April 25th and May 2nd, the Hungarian landscape variety,…
Read more >