Coca-Cola Co announced its earnings results for Q3 on Tuesday, and the highlights included:
- a 6% rise in income to $2.45 billion (54 cents per share), compared with $2.31 billion (50 cents per share) in Q3 last year
- a 3% drop in revenue to $12.03 billion from $12.34 billion
- 2% global volume growth
- big gains globally, with volume increasing 4% in Eurasia and Africa and 5% in the Pacific region, including a 21% rise in Vietnam and 9% growth in China
- the Coke drink brand's popularity, which Coca-Cola Chief Executive Officer Muhtar Kent said has an edge over other brands with teens by a 2-1 margin
Coca-Cola is finding opportunities across the world, and Kent's news about the brand among drinks with teens may soften the blow of Coke's recent drop in global brand rankings among companies such as Apple and Google. With Americans drinking less cola, Coke is looking for growth with non-soda products at home and markets abroad such as Vietnam and China, where these numbers show a lot of promise.