ATLANTA, April 22, 2015 – The Coca-Cola Company today reported first quarter 2015 operating results.
- Reported net revenues grew 1% and organic revenue grew 8%
- Gained global value share in nonalcoholic ready-to-drink beverages
- Cash from operations increased to $1.6 billion
- Maintain underlying full-year currency neutral growth expectations
- Reported EPS was $0.35 and comparable EPS was $0.48
Muhtar Kent, Chairman and Chief Executive Officer of The Coca-Cola Company said, "We are pleased with our solid progress on the implementation and execution of our global strategic initiatives. Though we are still in the early stages, we see some initial positive indicators that we have the right strategies in place to accelerate growth. However, we continue to view 2015 as a transition year as the benefits from the announced initiatives will take time to fully materialize amidst an uncertain and volatile macroeconomic environment. We remain committed to leveraging our superior brand portfolio together with our unparalleled global distribution system to continue creating long-term shareowner value."
First Quarter 2015 Operating Review
- We gained global value share in nonalcoholic ready-to-drink (NARTD) beverages in the quarter. We continued to strengthen and diversify our brand portfolio across key markets and categories as we gained global value share in sparkling and still beverages, juice and juice drinks, ready-to-drink tea and packaged water.
- Global sparkling beverage volume grew 1% with solid performance across most key brands, including 1% growth in brand Coca-Cola, 5% growth in Coke Zero, 4% growth in Sprite and 3% growth in Fanta. Growth in these brands was partially offset by a 6% decline in Diet Coke.
- Global still beverage volume grew 1% reflecting growth in ready-to-drink tea, value-added dairy and packaged water. Volume growth in these categories was partially offset by a decline in juice and juice drinks attributable to price increases taken to cover higher input costs and continued industry softness in certain markets. View full report here.
