Coca-cola announced higher than expected 2nd Q profits due to strong sales in emerging markets with India and China leading the way. Nothing new here. 80% of Coke’s earnings come from overseas markets.
- North American sales fell by 1%.
- EU sales grew by 1%.
- India grew by 33%.
- China by 14%.
Overall, global volume grew 4%.
How many other companies are profitable largely due to their overseas expansion strategies?
How many other companies could be profitable if they expanded into at least one overseas market?
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