Coca-Cola income climbs 16% in quarter
July 12, 2010
ATLANTA — Increased sales volume helped contribute to a 16% increase in income for The Coca-Cola Co. during the quarter ended July 2.
For the second quarter, the company had net income of $2,369,000, equal to $1.03 per share on the common stock, which compared with income of $2,037,000, or 88c per share, during the same quarter of the previous year. Net operating revenue was $8,674,000, up 5% from $8,267,000 during the same quarter of the previous year.
“I am pleased with the performance of our company, where we once again delivered a solid quarter growth with consistent profitable results inspired by our 2020 Vision and fueled by our strategic marketing, innovation and focused execution. We continue executing around the globe in close alignment with our bottling partners, leveraging our scale and unique global platforms to build the equity and global share of our brands.
“It is clear, however, that the state of the global economy remains uncertain in many regions, affected by ongoing deficit concerns in Europe, recent downward revisions to China’s economy and weakened consumer confidence. While this uncertainty weighs on us all, we remain resolute in our commitment to invest in our global operations and our brands for the long term.”
For the six months ended July 2, the company had net income of $3,983,000, or $1.73 per share, up 18% from $3,385,000, or $1.46 per share, during the same period of the previous year. Net operating revenue was $16,199,000, up 5% from $15,436,000 during the same period of the previous year.