Coca-Cola's third-quarter revenue of $8.652 billion

In the evening of October 22, Coca-Cola Company released the third quarter of 2020 financial results showed that the company's revenue of $ 8.652 billion, an increase of 21% from the previous year, exceeding market expectations of $ 8.34 billion; operating profit of $ 2.298 billion, an increase of 16% from the previous year; earnings per share of $ 0.4.

It is understood that the Coca-Cola Company's recent strategic decisions, including optimizing product portfolios, enhancing market effectiveness and efficiency, as well as enhancing system collaboration and optimizing organizational structure, for the company to promote the "layout of the future, strong rise" of the strategic objectives of boosting confidence. Coca-Cola brand unit sales grew 1% in the quarter and Coca-Cola Zero Sugar sales grew 7%.

In Asia Pacific, the downward trend in unit sales continued to improve to 4% from 18% in the previous quarter, mainly due to the strong growth of sparkling soft drinks in China. Maintaining local development is one of Coca-Cola's key strategies. In the third quarter of this year, the new production line of Hubei Swire Coca-Cola has completed bidding and is expected to start production at the end of April next year.In July, COFCO Coca-Cola started the construction of its first factory in Guizhou with an estimated total investment of 270 million yuan in the first phase, which is scheduled to be completed and put into operation by the end of 2021.In September, COFCO Coca-Cola entered into a strategic cooperation with Costa Costa on the coffee quick selection business, looking for the coffee market's Growth Point.