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The Grocer Talking Retail

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Coca-Cola revenues boosted by vaccine rollout and economic reopening

Coca-Cola has posted a 5% rise in first-quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up.

Net revenues were up 5% to $9bn compared to a year ago, with organic revenues up 6%.

This sales uplift was driven primarily by volume, with concentrate sales up 5% and price-mix growth of 1%.

The company said volume trends remained closely linked to consumer mobility, driven by vaccination rates in different markets and related improvements in away-from-home channels.

Through the first quarter, volume trends steadily improved each month, driven by a recovery in markets where coronavirus-related uncertainty lessened.

Source: The Grocer Apr 19 | What's Trending