The Coca-Cola Co. reported Wednesday flat domestic growth in
the first quarter of 2008. Domestic food service sales dropped 4 percent while
retail volumes grew 2 percent, which Deutsche Bank analyst Marc Greenberg
attributed mostly to the strength of vitaminwater.
Greenberg reported that weakness in US convenience store
sales could be a recurring theme – one that won’t be stopped in the short term
even by 40 percent volume gains in Coke Zero.
While the domestic picture for Coca-Cola was less than rosy,
strong international sales buoyed the company’s world-wide sales to an overall
6 percent gain.