The healthy top-line growth was attributable to incremental contributions from new products and services and accretive acquisitions, as the industry witnessed renewed optimism through inflow of new capital.
The company witnessed a decline in soda consumption in developed economies and a decline in the bottom line as the company incurs incremental costs due to restructuring and productivity improvement plans.
But in the Southwest, where the frost line is only about 18 inches below ground, the added incremental cost of digging out a basement would be far steeper, said the Texan.