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Coca-Cola first nine months operating revenues down 2%

DBR Staff Writer Published 16 October 2013

The Coca-Cola has reported net operating revenues of $35.81bn in the first nine months ended 27 September 2013, down by 2%, compared to $36.56bn during the same period in 2012.

It also posted gross profit of $21.7bn in the first nine months of 2013, down by 2%, compared to $22.13bn in the same period in 2012.

Operating income of the cola giant decreased 6% to $8.1bn, compared to $8.6bn in the prior year period.

The company's net income for first nine months of 2013 totalled $6.87bn, down 4% compared to $7.15bn in 2012.

The Coca-Cola chairman and chief executive officer Muhtar Kent said that their global volume grew 2% in the quarter and they continued to grow worldwide value share in total nonalcoholic ready-to-drink beverages due to the strength of their portfolio, the diversity of their global footprint and others.

"Together with our global bottling partners, we are investing in our brands and our capabilities to further strengthen our system and to drive sustainable growth and value," Kent added.