Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / flash

Coca-Cola says third-quarter revenue up by 21%

By WANG ZHUOQIONG | chinadaily.com.cn | Updated: 2020-10-22 23:55
Share
Share - WeChat
[Photo/VCG]

Coca-Cola Company on Thursday said third-quarter net revenue was $8.67 billion, a decline of 9 percent from a year earlier but a 21 percent increase from the previous quarter when revenue fell 28 percent.

The results beat market expectations.

The decline in unit sales in Asia Pacific continued to improve, from 18 percent in the second quarter to 4 percent this quarter, primarily due to the growth in soft drinks in China.

The company said it expects to see growth this year in China, even as its global sales continue to decline because the COVID-19 pandemic has closed restaurants, bars, movie theaters and sports stadiums elsewhere around the world.

Coca-Cola Chairman and CEO James Quincey said the company will continue to focus on emerging stronger from the pandemic with a portfolio of the right brands, high-impact marketing, effective innovation and a highly networked organizational structure.

"Throughout this year's crisis, our system has remained focused on its beverages for life strategy. We are accelerating our transformation that was already underway, shaping our company to recover faster than the broader economic recovery," he said.

On Aug 28, the company announced a new organizational structure, which streamlined its original 17 business units to nine.

Vamsi Mohan Thati -- who has more than 20 years' experience at Coca-Cola -- was appointed president of Coca-Cola Greater China, which is one of the nine operating units.

Among its product segments, sales of soft drinks in the quarter declined 1 percent, Coca-Cola increased 1 percent, Coca-Cola Zero Sugar grew 7 percent in the quarter and 4 percent year-to-date.

Juice, dairy and plant-based beverages declined 6 percent and water, enhanced water and sports drinks declined 11 percent. Tea and coffee declined 15 percent.

Coca-Cola said its recent strategic actions of portfolio optimization, disciplined innovation, increased marketing effectiveness and efficiency, enhanced system collaboration and evolving the organizational structure have given the company increased confidence in emerging stronger from the pandemic.

The company said it expects to offer a portfolio of about 200 master brands, about 50 percent reduction from the current number. It also is exploring new products.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 最新欧美精品一区二区三区| 国产99在线a视频| 国产成人无码免费看片软件| 国产伦精品一区二区三区视频小说 | 中日韩精品电影推荐网站| 三级毛片在线免费观看| 99国产精品视频免费观看| 香蕉在线精品视频在线观看6| 韩国v欧美v亚洲v日本v| 美女和男生一起差差差| 波多野结衣波多野结衣| 最近中文字幕完整视频高清10| 成年男女男精品免费视频网站| 天天干天天操天天干| 国产真实乱子伦xxxx仙踪| 国产一区二区三区乱码在线观看| 人妻少妇一区二区三区| 亚洲av成人综合网| 中国一级片在线观看| 500福利视频导航| 色播在线永久免费视频网站| 波多野结衣同性系列698| 日韩在线第一区| 天天做天天爱天天综合网| 国产成人一区二区三区视频免费| 八戒久久精品一区二区三区| 亚洲人成电影青青在线播放| 中文字幕无线码免费人妻| 337p欧洲大胆扒开图片| 色九月亚洲综合网| 欧美成人精品a∨在线观看 | 亚洲av永久无码嘿嘿嘿| 一道本在线观看视频| 欧美在线暴力性xxxx| 男人j放进女人p全黄| 日本高清中文字幕| 国产美女a做受大片观看| 嘟嘟嘟www在线观看免费高清| 亚洲va久久久噜噜噜久久| a级亚洲片精品久久久久久久 | 最近在线2018视频免费观看|