Monday, August 2, 2010

Coca-Cola's CEO: "North America will be a growth market"

Some comments from Coca-Cola's (KO) CEO Muhtar Kent during the 2Q Earnings Conference Call:

Coca-Cola Q2 2010 Earnings Call Transcript

"The global equity of our brands is strong and growing stronger. Our worldwide FIFA World Cup activation was a tremendous success, bringing Coca-Cola to billions of consumers across cities, across towns, villages and living rooms the world over. Consumers clearly continue to prefer our brand with brand Coca-Cola growing 5% for the quarter and 4% year-to-date.

Additionally, we saw extensive share gains this quarter across key beverage categories, including sparkling, packaged water, ready-to-drink juice and juice drinks as well as sports drinks. As a result, we gained volume and value share in global non-alcoholic ready-to-drink beverages. We also gained global volume and value share in both the sparkling and still beverage categories.
"

During the conference call, Muhtar Kent also said that North America will become a growth market again.

"North America will be a growth market of great opportunities for the next 10 years and beyond." 

That's certainly at least somewhat surprising.

Adam

Long KO

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