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.


Long KO

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