CLAIM #35565 · The Coca-Cola Company (KO) · 2024Q2 earnings call · Jul 23, 2024 · due Dec 31, 2024
“we think we've got a strong strategy that's playing out and is winning. And we're confident that we can drive that to get the balanced algorithm of growth, through the rest of this year, for our guidance and into the future.”
James Quincey · CEO
In context
“he rest of the year that that remains true, that we see slightly less volume than the kind of standard algorithm, and slightly more price - as pricing tends towards, inflation tends towards the landing zone. And I think that's likely to be true as we go through - the rest of the summer, hopefully the weather gets a bit better. But we're likely to see that slightly less volume, slightly more price. And probably a repetition of where that volume's coming from in terms of the rest of the year, the positives largely being the developing economies, Latin America, India, Africa, Southeast Asia, and to some extent Japan, and the kind of weighing on it a little, the kind of parts of North America and Europe channel and income specific and some of the disruptions from the Middle East. But net-net, we think we've got a strong strategy that's playing out and is winning. And we're confident that we can drive that to get the balanced algorithm of growth, through the rest of this year, for our guidance and into the future. Operator: Our next question comes from Robert Ottenstein from Evercore ISI. Please go ahead. Your line is open. Rob Ottenstein: Great, thank you very much. I'd like to go back to North America, but look at it more on a category basis [technical difficulty] that I can think of sparkling is doing better than energy as a sector. I'd love to get your thoughts on maybe what the drivers are there. Second, sports strengths, how your new strategy is working, combining Powerade and BODYARMOR under one management team. And then third, any other particular things that you're seeing on the category side that are worth noting? Thank you. James Quincey: Yes, sure Robert. So definitely North America had a good second quarter. The standouts in terms of growth, clearly, actually what's interesting is actu”
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SEC filings for KO ↗ · Claim quote is verbatim from the 2024Q2 earnings call.