No. of Recommendations: 2
Organic revenue was up 12% during the quarter vs. +8.8% consensus estimate, led by gains in the Latin America (+23%), EMEA (+25%), North America (+5%), Bottling Investments (+14%), and Global Ventures (+5%) segments. The organic sales growth mark was notably higher than PepsiCo's (PEP) 4.5% mark for a roughly overlapping period. Unit case volume was up 2% for Coca-Cola (KO) during the quarter, while price/mix accounted for nine percentage points of growth. The impact of currency swings was a negative four percentage points to consolidated sales.
Before we get too excited, note: Unit volume was only up 2% the rest was due to price increases - which have a limit.
tecmo
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