The Coca-Cola Co. announced results for the second quarter of 2013 including a 1 percent global volume growth in the second quarter and 3 percent growth year to date. Global volume and value share gains were in total nonalcoholic ready-to-drink beverages as well as sparkling and still beverages. The company reported Global brand Coca-Cola volume growth of 1 percent in the second quarter; 2 percent growth year to date.
Coca-Cola Americas volume grew 1 percent and Coca-Cola International grew 2 percent in the quarter.
Solid global volume and value share gains achieved in the quarter in total nonalcoholic ready-to-drink (NARTD) beverages as well as global volume and value share gains in sparkling and still beverages.
Reported net revenues declined 3 percent in the second quarter and 2 percent year to date. Excluding the impact of structural changes, comparable currency neutral net revenues grew 2 percent in both the quarter and year to date.
Reported operating income declined 2 percent in the second quarter and 3 percent year to date. Excluding the impact of structural changes, comparable currency neutral operating income grew 4 percent in the quarter and 5 percent year to date.
Currency was a 2 percent headwind on comparable net revenues and a 3 percent headwind on comparable operating income in the quarter.
Second quarter reported earnings per share (EPS) was $0.59, down 3 percent and comparable EPS was $0.63, up 4 percent, including an approximate 2 percent currency headwind. Year-to-date reported EPS was $0.98, down 7 percent and comparable EPS was $1.09, up 4 percent despite two fewer selling days in the first half of 2013 and an approximate 4 percent currency headwind.
