Coca-Cola No Sugar has been a winner in Australia, as the former Coca-Cola Amatil business produced overall sales growth of 15 per cent.
Strong growth from the Coca-Cola No Sugar product and a cutback on the number of discounts and promotions meant the Australasian business of the soft drinks group delivered its strongest sales performance in years during the June half.$9.8 billion buyoutCoca-Cola expects commodity price inflation in the “high teens” for the rest of 2022. The No Sugar version of Coca-Cola is making strong headway in Australia.
“We have already made good progress in reducing the depth of our promotional support in Australia, with little impact on volumes,” Mr Gammell said. “We’re benefiting clearly with COVID restrictions easing and people going back out and eating and drinking, it is a big part of the lifestyle down there, outside”.“We’ve done the same now in Australia,” he said. In the June quarter, overall sales for the API division were even higher at 17 per cent to €925 million.Coca-Cola Europacific Partners, which operates across 29 countries, expects inflation across its business to be at its peak later in calendar 2022, before falling in 2023.
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