Market Minute: Coke's Profit Rises; Coffee Changes Brewing at Burger King

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Coca-Cola (KO) says its profit rose 13 percent in the fourth quarter as the world's biggest beverage company sold more of its drinks overseas; and Burger King (BKW) is teaming up with Seattle's Best Coffee to overhaul its java offerings.

Burger KingUSA Today reports that the Home of the Whopper plans to double the number of coffee beverages it sells, following an example set by McDonald's (MCD) several years ago. The rollout begins this week, bringing new hot and iced coffees, decaf, and hot chocolate; flavored lattes arrive in March. "Every time a consumer purchases a cup of coffee at Burger King," the paper notes, "Starbucks (SBUX) makes a profit," since Seattle's Best is a subsidiary of the coffee colossus.

The Atlanta-based Coke said global sales volume rose 3 percent, driven by international growth. In the flagship North American market, volume rose just 1 percent, boosted by its Powerade sports drinks and bottled teas. Soda volume declined 2 percent.

The results come as Coca-Cola, which also makes Fanta, Minute Maid and Dasani water, relies on a shifting mix of drinks for growth in North America amid intensifying criticism of sugary sodas. Give the saturated U.S. and European markets, Coca-Cola is also increasingly looking for growth in countries where the ranks of middle-class customers are growing quickly. In the latest quarter, for example, the company said sales volume rose 12 percent in Russia and 13 percent in Turkey.

Volume in Europe declined 5 percent, which the company blamed on the uncertain economic climate.

For the October-to-December period, The Coca-Cola Co. earned $1.87 billion, or 41 cents per share. That's compared with $1.66 billion, or 36 cents per share, in the year-ago period. Not including one-time items, the company said it earned 45 cents per share.

Revenue rose 4 percent to $11.46 billion.

Analysts on average expected an adjusted profit of 44 cents per share on revenue of $11.53 billion.W

With reporting by the Associated Press.


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13 Comments

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tkizzycat

Bergerking used to have a coffee called Duey Eagbert. It was one of the best tasting coffees I ever had...then a while back they changed it. Really bad mistake..if a fast food chain wants to do well ,it should have the best tasting coffe they can find. If you brew a really great cup...they will come. Most of the coffee in these chains are crap....spend a bit more on your beans and people will make their way to that store.

February 12 2013 at 9:50 PM Report abuse rate up rate down Reply
LANCESWOOD

Steak and Shake is better by far

February 12 2013 at 5:11 PM Report abuse rate up rate down Reply
LANCESWOOD

Steak and Shake is better for sure

February 12 2013 at 5:11 PM Report abuse +1 rate up rate down Reply
aldebaran042363

i once got busy in a burger king bathroom.

February 12 2013 at 3:54 PM Report abuse -1 rate up rate down Reply
1 reply to aldebaran042363's comment
Kitten

I sure your right hand is proud you told that story...

February 12 2013 at 11:07 PM Report abuse +1 rate up rate down Reply
gotcha795

come on

February 12 2013 at 12:23 PM Report abuse rate up rate down Reply
Cliff

Windy\'s fries suck, their hamburgers are good. Burger King\'s hamburgers and fries are only average, Macdonalds fries are better. You want good fries go to Red Robin.

February 12 2013 at 12:16 PM Report abuse +2 rate up rate down Reply
sebastiandunbar

you can lead a horse to water but you can't make him drink
but
you can lead a horse to Burger King and turn him into a pattie

February 12 2013 at 11:44 AM Report abuse rate up rate down Reply
DrSingleton

Coffee is the least of Burger King's problems... Try fresher ingredients, better tasting fries, and a revamped image. I applaud Wendy's from upgrading the quality of their product. BK needs to follow suit.

February 12 2013 at 11:42 AM Report abuse +1 rate up rate down Reply
1 reply to DrSingleton's comment
LizAndrsn

Not only that, but could they hire people that can pass a 4th grade Standards test? What's it take to complete an order correctly?

February 12 2013 at 6:12 PM Report abuse +1 rate up rate down Reply
biologixco

boo hoo

February 12 2013 at 10:41 AM Report abuse rate up rate down Reply
biologixco

Spreading diabetes and obesity worldwide.
The American Way
Woo-hoo~!

February 12 2013 at 10:40 AM Report abuse +1 rate up rate down Reply