Coca-Cola today reported improvements in its performance in the US and Europe… though they were blunted by the impact of the strong dollar.
The company reported 4% global volume growth in the third quarter, saying it had achieved growth in all of its geographic operating groups.
However, income was slashed by the impact of the currency exchange rates.
In Europe, volumes grew 1% in the quarter, compared with a flat performance in Q2, despite the economic troubles hitting Europe and the impact of poor weather in the first half of the quarter.”We are pleased with our third quarter and year-to-date results,” said Muhtar Kent, Coca-Cola Company chairman and chief executive.
“We continue to deliver consistent and solid performance, with our business growing worldwide volume by 4% in the quarter and 5% year-to-date. Importantly, we realised growth in the quarter across all five of our global geographic operating groups, despite continued volatility in the worldwide economy.”