Coca-Cola Co. reports strong Q2 earnings

ATLANTA Coca-Cola Co. reported a strong set of results during the second quarter 2009, with strong worldwide unit case volume growth of 4% in the quarter and 3% year-to-date.

Coca-Cola Co. attributes their results to their Open Happiness campaign, which caused global volume and value share gains amongst most key markets and categories.

“We continue to deliver solid operating performance,” said Muhtar Kent, Coca-Cola Co.'s chairman and CEO. “In the first half of the year, we delivered volume and profit results in line with our long-term growth targets, despite very challenging global economic conditions. We outperformed the nonalcoholic ready-to-drink industry in most of our key markets and drove further global volume and value share gains. And, with our disciplined approach to productivity initiatives, we remain on track to achieve our $500 million target in annualized savings by 2011 and expect to deliver more than half of the savings by the end of this year.”