Coca-Cola Europacific sales inch up despite softer demand
Coca-Cola Europacific Partners third quarter sales have edged up, despite it facing softer demand and mixed summer weather.
In the 12 weeks ending 27 September, the soft drink company’s adjusted comparable sales nudged up 2.4% to £4.50bn (€5.36bn) while full-year-to-date sales rose 2.7% to £12.97bn (€15.45bn).
However, global volumes froze compared, while in Europe, this figure fell 1.4% to 695m units. Similarly, global full-year-to-date volumes creeped up 0.4%, while in Europe, this figured dropped by 2.3%.
Despite this, the drinks giant added retained its full-year profit and cash guidance.
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Coca-Cola Europacific partners chief executive Damian Gammell described the performance as a “solid” year, but acknowledged “softer volumes in Europe”, prompted by weather woes and waning consumer demand.
Gammell said: “In the third quarter, we delivered top line growth despite mixed summer weather and softer consumer demand in away-from-home in Europe. Fantastic activation, including the UEFA Euros and the Olympics, supported solid underlying volume growth.
“Our focus on revenue growth management, headline price and promotion strategy across our broad pack offering drove solid gains in revenue per unit case. Actively managing pricing and promotions also ensures we are relevant to all consumers, while driving profitable revenue growth.”
Looking ahead, Gammell added that Coca-Cola Europacific was “well placed for 2025” and was confident in delivering its mid-term growth objectives.
The Coca-Cola bottling partner’s results follow fellow Coca-Cola Hellenic Bottling Company (HBC) last week delivering strong sales growth in its third quarter, as it upgraded its full-year outlook.




