Coca Cola released its first-quarter earnings report before the market on April 24.

According to financial reports, Coca Cola's first-quarter revenue fell 16% year on year to 7.6 billion US dollars, due to restructuring factors in the bottling region. Net profit increased to US$1.37 billion, or a surplus of US$0.32 per share, compared to US$1.18 billion and US$0.27, respectively, in the same period last year.

Image source: Official website announcement

Business highlights

• The soft drink industry dominates the Diet Coke brand innovation and sales volume increases

Coca Cola used its leading position in brand value to ensure the continued growth of Coca Cola's sales volume, with a brand growth of about 3%. In addition, after rebranding and innovative marketing, Diet Cola's sales volume resumed growth this quarter.

• Strong growth in emerging markets and good future development momentum

Growth in China and India outpaced more developed markets, including Japan and Australia, driving a 5% increase in single-box sales this quarter. Furthermore, due to the good performance of the Indian market, bottling investment received a 2% price increase in the Indian market.