Coca-Cola’s first quarter revenue of 8.6 billion US dollars, continued to increase the Chinese market

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07/12/2020 0 Comment

Coca-Cola’s first quarter revenue of 8.6 billion US dollars, continued to increase the Chinese market
In the sauna today, Yewang learned that Coca-Cola’s first-quarter financial report showed that Coca-Cola’s revenue was $ 8.6 billion in the first three months of this year, a decrease of 1%; the operating profit margin (non-general accounting standards) reached 30.7%, an annual increase of 2.5%.Due to the development of the epidemic to a certain degree and uncertainty, Coca-Cola cannot provide accurate forecast performance indicators at this stage.The Coca-Cola Company said in the financial report that the pressure on the business is temporary, and it is optimistic that the business will continue to improve by the second half of 2020.To ensure business continuity, the Coca-Cola system has created a knowledge and experience sharing system to share best practices worldwide, including how to manage possible supply chain challenges.At present, the production and distribution of Coca-Cola systems have not been significantly affected.In terms of business development, Coca-Cola is reassessing and adjusting its strategy, shifting resources and reallocating to more efficient areas.The company works closely with bottling partners and retail customers to ensure sufficient inventory in key channels.In addition, Coca-Cola actively promotes accelerated digitalization of businesses, increases investment in e-commerce, and supports retailers and take-out services.Regarding the Chinese market, Coca-Cola Company said in the financial report conference call that the Chinese market is expected to gradually recover, and the company is taking measures with its bottling partners to restore growth momentum.At present, all 45 factories of Coca-Cola China have resumed production and production.The Coca-Cola China system created about 4.70,000 jobs, 99% of which are local Chinese employees.In terms of market supply, Coca-Cola continued to bring consumers a good consumption experience through product innovation and business operation model innovation in the first quarter.Breakthrough, Coca-Cola launched a variety of new products in the Chinese market, the Chinese customized version of COSTA coffee family instant coffee-British classic series was launched at the end of March.At the same time, the Coca-Cola China system adapts to changes in consumer consumption habits, actively innovates in business operations and supply, promotes digitization, explores community retail, unmanned sales, live sales, optimizes packaging based on channels, deepens e-commerce platform, takeaway platform cooperationform.Sauna, Ye Wang Wang Ziyang editor Li Yan proofreading Wang Xin