ATLANTA – Coca-Cola today reported third quarter 2017 operating results and reaffirmed its full-year financial outlook. We asked President and CEO James Quincey for more perspective on results from the quarter and the year, to date.
Coca-Cola reported that net revenues were down 15%, while organic revenues were up 4%. What’s driving this difference?
We’re pleased with our performance this quarter, so let me explain this difference. For a number of quarters, our reported revenues have fallen, largely because of refranchising. Refranchising means that we’ve been selling company-owned bottling operations around the world to strong, independent local partners. This returns Coca-Cola to its historic role as a franchise leader rather than a franchise owner. As this happens, revenue from refranchised bottling operations is no longer included in the consolidated results of the company, as we no longer own these assets.
About us
Features
Alibaba LiveNOW 2022 Equips 293 Malaysians with E-commerce Marketing Skills
Alibaba Group has successfully concluded its LiveNOW Training Programme this year, equipping 293 Malaysians across English, Bahasa Malaysia and Mandarin sessions with fundamental skills...
Liberating Businesses from Repetitive Work
Beginning with the aim of liberating businesses from boring low-performance manual work, enhancing competitiveness, minimizing costs, and above of all, connecting people to technology,...
Sustainability and Innovation in the Insulation Sector
Black Cat, loyal to the sustainable development strategy
Founded in 2011, providing industrial services: Insulation, Scaffolding, Industrial paint, Passive fire-proofing and construction of Refractory...
Productivity for One Day May Be Higher than a Fortnight
A Question on Why Your Time is Poorly Spent
Not Every Hour in Everyday is Equal
Rhetorical: With exactly 24 hours each day, how many minutes...
A Total Beverage Company With Local Roots
Communities across America are getting to know their Coca-Cola neighbors in a whole new way.
Coca-Cola USA is reintroducing itself as far more than the maker of...
Selling company-owned bottling operations around the world.
Until the total refranchising process is more than a year behind us, our reported revenues will continue to be down on a year-over-year basis....
Beverage taxes have been a recurring topic lately.
Around the world, in a number of communities, we are seeing residents say they do not support taxes on beverages that hurt local businesses,...
What’s your perspective on the performance of this brand?
The brand’s global unit case volume grew high single digits during the third quarter, and in the United States, where it was introduced mid-quarter, it has...
What products do you have on the horizon?
Here’s one example: During the third quarter, McDonald’s announced a partnership with Coca-Cola for ready-to-drink McCafé Frappés. These drinks will be produced, distributed and marketed by the Coca-Cola system and...
Innovation and expanding Coca-Cola’s portfolio
We’ve launched many products worldwide, like Coca-Cola Coffee Plus in Japan and Australia. I’ve talked before about how more of the world is starting to look like...
