Coca-Cola announce 1% Q2 growth

Second Quarter and Year-to-Date 2013 Highlights

JS Pemberton would be proud.

Coca-Cola have announced 1% global volume growth in the second quarter; 3% growth year to date. Global volume and value share gains in total nonalcoholic ready-to-drink beverages as well as sparkling and still beverages

As a global brand the company reported volume growth of 1% in the second quarter; 2% growth year to date .

• Second quarter volume grew 1% and year-to-date volume grew 3%. Coca-Cola Americas grew 1% andCoca-ColaInternational grew 2% in the quarter.

• Solid global volume and value share gains achieved in the quarter in total nonalcoholic ready-to-drink (NARTD) beverages as well as global volume and value share gains in sparkling and still beverages.

• Reported net revenues declined 3% in the second quarter and 2% year to date.  Excluding the impact of structural changes, comparable currency neutral net revenues grew 2% in both the quarter and year to date.

• Reported operating income declined 2% in the second quarter and 3% year to date.  Excluding the impact of structural changes, comparable currency neutral operating income grew 4% in the quarter and 5% year to date.

• Currency was a 2% headwind on comparable net revenues and a 3% headwind on comparable operating income in the quarter.

• Second quarter reported EPS was $0.59, down 3% and comparable EPS was $0.63, up 4%, including an approximate 2% currency headwind.  Year-to-date reported EPS was $0.98, down 7% and comparable EPS was $1.09, up 4% despite two fewer selling days in the first half of 2013 and an approximate 4% currency headwind.

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