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22 August 2017 05:38 (South Africa)

Coke's doing alright

Times were still quite shaky for Coca-Cola Co. in the 3rd quarter. While the sales of Coke, Sprite, Powerade and VitaminWater outside the US were up 2%, their soft drink domestic sales were down 5%. But not all the news was so bad, and even with the lower sales by volume, the company still managed to earn more than it did the same time last year - $1.896 billion vs $1.890 billion. Crucially, soft drink sales recorded 37% growth in India, 15% in China, and 7% in Latin America. The company and its bottling partners made a $2 billion investment in China, which should soon start paying back. (Coca-Cola’s largest shareholder, Warren Buffet is lately heavily concentrating on China through his investment arm, Berkshire Hathaway.) Read more: The New York Times

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