Coca-Cola HBC reports sales growth on caffeine demand
Updated
Updated · The Wall Street Journal · May 7
Coca-Cola HBC reports sales growth on caffeine demand
9 articles · Updated · The Wall Street Journal · May 7
First-quarter sales rose to 2.71 billion euros, with organic growth of 11.6% and volumes up to 706 million unit cases.
Energy-drink volumes jumped 27%, helped by Monster innovation, while out-of-home coffee volumes climbed 39% as Costa Coffee and Caffe Vergnano expanded.
The bottler, listed in London and Athens, slightly missed analysts' organic-growth forecast but beat revenue expectations and kept full-year guidance for 6%-7% organic revenue growth and 7%-10% EBIT growth.
Can Coca-Cola HBC's caffeine-driven growth survive soaring material costs and a shrinking soft drink market?
As energy drink sales surge, is the company prepared for the inevitable health regulations targeting its key growth driver?