Coca-Cola Begins 2019 on Solid Footing, as New Product Innovation Supports Top-Line Momentum
Wide-moat Coca-Cola posted strong top-line performance in the first quarter, with organic revenue growth of 6% (including a 5% lift in price/mix) supported by innovation across its product portfolio. Trademark Coca-Cola (which accounted for 45% of global unit case volume in 2018) remains the highlight of the sparkling soft drink category (69% of unit case volume), which chalked up 1% volume growth during the quarter. From our vantage point, management's focus on innovation in the Coca-Cola brand...Coca-Cola is a nonalcoholic beverage company. The company owns or licenses and markets nonalcoholic beverage brands, which it groups into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks. The company's nonalcoholic sparkling soft drink brands are Coca-Cola, Diet Coke, Fanta and Sprite. The company markets, manufactures and sells beverage concentrates and syrups, including fountain syrups; and finished sparkling soft drinks and other nonalcoholic beverages. The company's segments are Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures; and Bottling Investments.
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