Coca Cola’s profits in the second quarter fell amid ongoing economic problems and unusually poor weather, the drinks company reported today.
Net income was down four per cent to $2.68bn, or 59 cents per share, while revenue fell three per cent to $12.75bn.
But comparable earnings per share including a “two per cent currency headwind”, it reports, were up four per cent to 63 cents.
Chief executive Muhtar Kent said:
Our second quarter volume results came in below our expectations, reflecting an ongoing challenging global macroeconomic environment and unusually poor weather conditions in the quarter.