CLAIM #35534 · The Coca-Cola Company (KO) · 2024Q1 earnings call · Apr 30, 2024 · due Dec 31, 2024
“So plans in place across the product innovation, the marketing and the execution, and we think this will come to fruition over the course of the year.”
James Quincey · CEO
In context
“rm value in the dual strategy, particularly in the U.S. between POWERADE and BODYARMOR. We're off to a good start with some of the plans the Zero Calorie version is ahead of expectations. The Flash I.V. has got some double-digit share. And the Sport Water version is one of the fastest-growing premium water brands. So some product innovation is getting some traction, a new partnership with NHL on the marketing front. And on the execution front, a stepping up of the merchandising and sales force focused directed just at the sports drinks category, which is helping improve the share trend in the category. Although not at the rate we had hoped initially, but we think we are in good shape going forward. Obviously, we'll have an opportunity with the Olympics to really continue to step that up. So plans in place across the product innovation, the marketing and the execution, and we think this will come to fruition over the course of the year. Operator: Our next question comes from Bonnie Herzog from Goldman Sachs. Bonnie Herzog: I was hoping for a little more color on your performance in Asia in the quarter, and then whether it met your expectations or possibly fell short. Also, you mentioned that declines in China more than offset growth in some of your key markets in the region. So maybe just hoping for a little bit more color on your business in China, and how quickly you expect the market will recover, again, given the broader macro challenges in the region. James Quincey: Sure. We'll let us go around Asia quickly. I mean China, we are cycling in the first quarter a very strong Chinese New Year first quarter from 2023. So I think we had a solid a solid quarter in China. We focus very well on having a good Chinese New wi”
Verify independently
SEC filings for KO ↗ · Claim quote is verbatim from the 2024Q1 earnings call.