Atlanta-based Coca-Cola Co. said this morning that it ended 2009 on a high note despite a tough economic environment and falling sales in its North American backyard. The world's biggest beverage company said worldwide sales volume grew five percent in the fourth quarter and three percent in 2009, thanks to growth in key countries such as India, China, Brazil, Mexico, Germany and France.
Sales in Coca-Cola's "Pacific" region -- encompassing China, Thailand, Australia, the Philippines, Korea and Vietnam -- climbed 11 percent, the fastest rate among Coke's geographic areas.
Coca-Cola earned $1.54 billion in the fourth quarter, an increase of 55 percent; Earnings per share rose to 66 cents from 43 cents in the same period a year before. But once currency swings were excluded, earnings were up 3 percent. Net revenues for the fourth quarter rose five percent to $7.5 billion, driven by larger sales of soda concentrate and also currency fluctuations.
The flagship Coca-Cola brand's case volume rose by 4 percent in the fourth quarter, and the company gained market share in "still" beverages, which include juices and bottled water.
The company's operations churned out $8.2 billion in cash in 2009, an 8 percent increase, and the company stuck with its goal to save $500 million in costs annually by the end of 2011.
Follow the AJC on Twitter to get more breaking news on Coca-Cola.
About the Author
Keep Reading
The Latest
Featured
