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Business

Coca-Cola first-quarter profit down 8 percent

By Leon Stafford
April 15, 2014

Coca-Cola saw its profit decline 8 percent in the first quarter as the company struggled in some key global markets, including a 1 percent drop in carbonated volume in North America.

Net income for the quarter ended March 28 was $1.62 billion or 36 cents a share compared to $1.75 billion or 39 cents a share during the same period in 2013. Net revenue fell 4 percent to $10.6 million

Despite the carbonated volume drop in North America, overall volume was even. The company’s main brand, regular Coke, improved with even volume.

Globally, case volume grew 2 perent.

About the Author

Leon Stafford covers south metro government

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