Not exact matches
Total
volume was even for the quarter because of a 1 %
decline in sparkling soft
drinks and a flat performance for the juice, dairy and plant - based beverages Coke sells.
United States Segment Adjusted EBITDA increased 32.9 percent versus the year - ago period to $ 1.5 billion, driven by gains from cost savings initiatives and favorable pricing net of commodity costs that were partially offset by
volume declines in ready - to -
drink beverages and frozen nutritional meals.
CCA is understood to have done internal modelling on the impact of the price rises, which could accelerate a multi-year
decline in
volumes for carbonated soft
drinks, but has not released its forecasts.
Analysts say non-alcoholic beverage
volumes rose 7 per cent in supermarkets in the six months ending June, with a 34 per cent surge in bottled water offsetting a 3 per cent
decline in carbonated soft
drinks.
In Lion's dairy and
drinks division,
volumes fell 17.4 per cent on top of a 7.3 per cent
decline the previous year, dragged down by the sale of Lion's low - margin everyday cheese business in May and the loss of private label milk contracts with Coles and Woolworths in 2014.
CCA is still the market leader in carbonated soft
drinks, which account for 66 per cent of the bottler's sales, but sparkling
volumes have been in
decline for years and JPMorgan believes
volumes could keep falling until at least 2025.
In Australia, CCA's
volumes have been in
decline since 2005, with higher consumption of bottled water and still beverages failing to offset the slump in sales of fizzy
drinks.
Carbonated soft
drink volumes have been in
decline for years and, in a recent report, broker JPMorgan said
volumes could keep falling until at least 2025.
Nearly one in two
drinks consumed is a non-sugar variety (42 per cent
volume share in 2011) compared to 30 per cent in 1997.2 Consumption is also on the
decline, as outlined in the latest report from the Australian Bureau of Statistics.