The Coca-Cola Company (TCCC) reported 4% year-over-year growth in its concentrate sales volume for the three months ended July 1, 2022.

At the same time, the company reported 8% year-over-year growth in its unit case volume.

Similarly, during the six months ended July 1, 2022, worldwide concentrate sales volume increased 7% and unit case volume increased 8% compared to the six months ended July 2, 2021.

Concentrate sales volume growth is calculated based on the quantity sold during the reporting periods, which is affected by the number of days.

In contrast, unit case volume growth is calculated based on average daily sales, which is not affected by the number of days in the reporting periods.

The first quarter of 2022 had one fewer day compared to the first quarter of 2021, which contributed to the differences between the growth rates for concentrate sales volume and unit case volume on a consolidated basis and for the individual operating segments during the six months ended July 1, 2022.

Concentrate sales

In addition, for the Europe, Middle East and Africa and Latin America operating segments, the differences between concentrate sales volume and unit case volume growth rates during the three months ended July 1, 2022 were impacted by the timing of concentrate shipments in the first quarter of 2022 as certain bottlers adjusted inventory levels in an effort to manage short-term supply chain disruptions.

The difference between concentrate sales volume and unit case volume growth rates during the three months ended July 1, 2022 for the Asia Pacific operating segment was due in part to the timing of concentrate shipments in China as bottlers prepared for business recovery related to the anticipated decline in closures associated with the Covid-19 resurgence.

The company expects the differences between concentrate sales volume and unit case volume growth rates to decline for the remainder of the year.

The Coca-Cola Company is a beverage company sold in more than 200 countries and territories, with net operating revenues of $38.655 billion and net income of $9.804 billion in 2021.