This excerpt taken from the KO 8-K filed Feb 9, 2010.
· Our Bottling Investments Groups unit case volume increased 13% in the quarter, primarily driven by strong growth in China, India and the Philippines. Net revenues for the quarter increased 12%, primarily reflecting the increase in unit case volume and a high single-digit currency benefit, partially offset by negative country mix. Reported operating income increased 72% in the quarter while comparable currency neutral operating income increased 17%, primarily driven by the increase in volume and disciplined expense management. For the full year, reported operating income was down 32%, but was up 23% on a comparable currency neutral basis as volume and favorable cost of goods continued to fuel growth.
This excerpt taken from the KO 8-K filed Jul 21, 2009.
· Our Bottling Investments Groups unit case volume decreased 3 percent in the quarter, reflecting bottling divestitures in the prior year partially offset by organic growth. Net revenues decreased 17 percent in the quarter reflecting prior year divestitures, a double-digit negative currency impact and negative mix. Operating income declined 22 percent primarily driven by the prior year divestitures and a double-digit negative currency impact, partially offset by tight expense control.
This excerpt taken from the KO 8-K filed Feb 13, 2008.
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benefits. The strong operating income increase for the year reflects the focus on investing to drive revenue growth while delivering efficiency through the supply chain.
This excerpt taken from the KO 8-K filed Oct 17, 2007.
This excerpt taken from the KO 10-Q filed Oct 26, 2006.
Note C Bottling Investments
In 2003, one of our Company's equity method investees, Coca-Cola FEMSA, S.A. de C.V. ("Coca-Cola FEMSA"), consummated a merger with another of the Company's equity method investees, Panamerican Beverages, Inc. At the time of the merger, the Company and the major shareowner of Coca-Cola FEMSA reached an understanding under which this shareowner could purchase from our Company an amount of Coca-Cola FEMSA shares sufficient for this shareowner to regain majority ownership interest in Coca-Cola FEMSA. That understanding expired in May 2006; however, in the third quarter of 2006, the Company and the shareowner reached an agreement under which the Company will sell a number of shares representing 8 percent of the capital stock of Coca-Cola FEMSA to the shareowner. As a result of this sale, which we expect to occur in the fourth quarter of 2006, our ownership interest in Coca-Cola FEMSA will be reduced from 39.6 percent to 31.6 percent.