Coca-Cola facing sluggish demand worldwide


February 19, 2014 | By RetailME Bureau

Coca-Cola’s profit declines the most in more than two years after a shrink in North American soft-drink demand and its once-effervescent growth in emerging markets showing signs of slowing. The company’s fourth-quarter net income declined 8.4% to $1.71 billion from $1.87 billion a year earlier. Sales plummeted 3.6% to $11 billion in the said period. Coca-Cola’s global sales volume grew just 1% last quarter, less than the 3% rate that the company posted a year ago. Its sales volume in North America fell 1%.

Facing sluggish demand worldwide, Coca-Cola embarked on a plan to cut $1 billion in annual costs by 2016, aiming to reduce supply and data management expenses and overhaul marketing programmes. About three-quarters of the company’s volume come from soft drinks, with orange juice, water and other beverages accounting for the remaining.

Coca-Cola gets 41% of its volume from developed markets such as the US, Germany and Japan. Developing markets like Mexico and Brazil account for 37%, and the remainder comes from the emerging category, including China and India.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine