Strong North American sales boost Coca-Cola's turnover | RetailDetail

Strong North American sales boost Coca-Cola's turnover

Strong North American sales boost Coca-Cola's turnover

Soft drink manufacturer Coca-Cola has witnessed a first quarterly turnover growth in the last nine quarters. A 6 % increase in North American turnover, the company's largest market, helped boost turnover.

Negative impact from exchange rates

Coca-Cola's total turnover grew 1 % to 10.7 billion dollars (nearly 10 million euro), but it would have been an 8 % turnover increase if exchange rates had remained stable. North America represented 5.1 billion dollars (4.75 billion euro), and owed its growth partly to several small-share acquisitions of other companies. One such case is that Coca-Cola currently has 16 % of Keurig Green Mountain.

 

The company's net profit did not follow suit: after exchange rate fluctuations, it dropped from 1.62 to 1.56 billion dollars (1.4 billion euro).

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