久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Coca-Cola records sparkling Q2 result in China

By Wang Zhuoqiong | chinadaily.com.cn | Updated: 2020-07-23 14:05
Share
Share - WeChat
Coca-Cola bottles at a Carrefour Hypermarket store in Montreuil, near Paris, France, Feb 5, 2018. [Photo/Agencies]

The Coca-Cola Company reported good performance in the second quarter on the back of sparkling business in the Chinese market and an improving a global environment, although its quarterly revenue fell 28 percent.

Net revenues declined 28 percent to $7.2 billion due to pressure on away-from-home channels. Its global unit case volume shrank 16 percent, though showing trends of improving, from a decline of about 25 percent in April to a drop of about 10 percent in June. In July, volume dropped by mid-single digits.

The company said the performance has been driven by improving trends in away-from-home channels, which make up about half of its revenue, along with sustained, elevated sales in at-home channels.

Chairman and CEO James Quincey said the second quarter will likely be the most challenging of the year.

"I'm proud of the people of the Coca-Cola system as we continue to adjust and accelerate our strategies in this fast-changing landscape," Quincey said. "We believe the second quarter will prove to be the most challenging of the year; however, we still have work to do as we drive our pursuit of 'Beverages for Life' and meet evolving consumer needs."

In China, by emphasizing on the sparkling soft drinks during the height of the lockdown, the company saw this category grow 14 percent in volume this quarter, led by Coke, with strong growth in Zero Sugar offerings.

Kantar Worldpanel China data show that the sales of carbonated drinks at home consumption during the epidemic were not greatly affected, maintained a relatively steady growth in the second quarter, mirroring consumers' demand for both health and pleasure.

Confronting the outbreak of COVID-19 epidemic, China has been the first market worldwide that resumed work and production. In the second quarter, Coca-Cola said it has achieved significant progress in product innovation, category expansion and channel development. Part of them is reflected in its quick launch of its new products in this quarter.

Among them, the new product "Selected 28 Days Sleep Beauty" is a plant-based beverage developed by Coca Cola China. The product is available on social commerce channels nationally, and is the first attempt of the company to explore social commerce channels.

In June, Innocent, invested by the Coca-Cola Company, introduced three sorts of pure-fruit-made smoothies into the Chinese market - Kiwi Wonder, Seriously Strawberry, and Magnificent Mango. These are the first ready-to-drink pure-fruit-made products in the Chinese market, demonstrating Innocent's attempt at exploring a new segmented beverage category in China.

The beverage giant has officially entered the Chinese dairy market. At the end of April, Coca-Cola obtained an anti-trust clearance notice from the State Administration for Market Regulation (SAMR), paving the way for the setup of a joint venture company, which will produce and sell chilled milk in China.

Jason Yu, general manager of Kantar Worldpanel China, said the contributions from Coca-Cola's new products are so far limited but they are beneficial for their future layout through continuous positioning in the health beverage category.

On July 21, Coca-Cola's announced partnership with Meituan Dianping, a move to further drive its home delivery service as O2O service took off exponentially during and post the epidemic, he said.

This year, at the JD.com 618 shopping festival, Coca-Cola's first hour sales increased by 200 percent compared with that of the prior year, ranking first in the nonalcoholic ready-to-drink beverage category on JD.com. During the 618 campaign, its total gross merchandise value (GMV) exceeded 80 million yuan ($11.43 million), up 34 percent.

On bottling factory, COFCO Coca-Cola Beverages Ltd (CBL) in Sichuan launched a new production line in May, which can produce 120,000 cans every hour, making it the world's fastest fully automated production line. The bottling line can produce 260,000 metric tons of product annually, with a value of 1.3 billion yuan.

In the second half of 2020, Swire Coca-Cola China plans to put six new production lines into operation, which represent a total investment of 250 million yuan and an annual output value of more than 1.7 billion yuan. Among which, Swire Coca-Cola Guangdong plant officially started two new production lines in Huizhou in July and its annual output value is expected to increase to 762 million yuan.

In addition, Swire Coca-Cola China also plans to add a plastic bottle production line to its Hubei facility, which is expected to come online in May 2021. At the end of March this year, Swire Coca-Cola Zhengzhou and Zhengzhou National High-tech Industrial Development Zone Management Committee signed an agreement to launch the "Zhengzhou Swire Coca-Cola Intelligent Green Factory Capacity Expansion and Reconstruction Project." The project will go into operation in two years' time and the plant will offer an annual production capacity of 2.3 billion yuan.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品成人免费 | 五月色一区二区亚洲小说 | 高清一区二区三区四区五区 | 天堂素人搭讪系列嫩模在线观看 | 无限资源中文免费 | 国产成人久久久精品一区二区三区 | 精品久久国产老人久久综合 | 美女又黄又免费的视频 | 新版天堂中文资源官网 | 欧美在线观看视频一区 | 亚洲综合免费视频 | 日韩国产午夜一区二区三区 | 日本一级毛片在线看 | 一本色道久久综合亚洲精品加 | 日本精品一区二区三区在线 | 久久欧美精品欧美久久欧美 | 免费逼片 | 欧美激情视频在线观看一区二区三区 | 精品国产一区二区 | 玖玖精品| 成人三级做爰在线视频 | 永久免费不卡在线观看黄网站 | 久久精品国产99精品最新 | 老师张开腿让我爽了一夜视频 | 国产成版人视频网站免费下 | 欧美一级久久久久久久久大 | 毛片大片免费看 | 手机看片日韩国产一区二区 | 久草免费公开视频 | 亚洲欧美一区二区三区国产精品 | 成人自拍网 | 六月丁香婷婷色狠狠久久 | 欧美自拍在线 | 欧美视频一区在线观看 | 毛片观看网址 | 午夜在线影院 | 欧美怡红院高清在线 | 国产成人精品永久免费视频 | 那里有黄色网址 | 成年女人看片免费视频播放器 | 中文字幕播放 |