Coca-Cola’s profit dips as soda declines at home

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NEW YORK — Coca-Cola says its profit dipped in the latest quarter, as the world’s largest beverage maker sold less soda in its flagship North American market.

The Atlanta-based company, which makes Sprite, Powerade and Dasani, says global volume rose 1 percent in the quarter. But in North America, volume fell 1 percent, including a 4 percent drop in sodas.

The company blamed the performance on bad weather and challenging economic conditions.

Coke’s shares fell more than 3 percent in premarket trading.

Coca-Cola is increasingly pinning its plans for growth on emerging markets with expanding middle-class populations. Back at home, meanwhile, the company is battling a years-long decline in soda consumption and criticism that its drinks fuel obesity rates.

As Americans drink less soda, the company has also been pushing drinks such as Dasani and SmartWater. It said volume for such still beverages rose 5 percent for the three months ended June 28 in North America.

Along with rival PepsiCo Inc., Coca-Cola is also working on coming up with a soda formula that uses a natural, low-calorie sweetener. The challenge is that such sweeteners often have a bad aftertaste. But executives at both companies have nevertheless expressed optimism that such a drink can help halt the industry’s slide.

For the second quarter, Coca-Cola Co. says it earned $2.68 billion, or 59 cents per share. That’s down 4 percent from $2.79 billion, or 61 cents per share, a year earlier.

Excluding one-time items, the company said it earned 63 cents per share, in line with Wall Street expectations.

Revenue fell to $12.75 billion, short of the $12.95 billion analysts expected.

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  • mangpepe

    malapit na kayong magsara

  • w33k3nd3r

    Nothing beats fresh coconut water straight from our back yard. mmmm mmmm good!

  • UrHONOR

    HUWAG-na-HUWAG IINUM ng kahit na anong uri ng SODA…kahit na DIET pa na ginagamitan ng aritificial sweetener (aspartame, splenda, o anupaman) kung ayaw ninyong ma-uwi sa diabetes at dialysis.

    Isa sa maraming sanhi ang SODa kung bakit ang kalusugan ng bayan ay dumadausdos ng mabiilis-na-mabilis. Pagmasdan na lamang ninyo ang pagdami ng DIALYSIS centers/clinics sa bansa na parating napupuno na datirati ay ni hindi naririnig. Mga doctor ay tabo-tabo kung kumita (yong mga may nalalaman) dahil sa dami ng pasyente na nagpapatingin dahil sa mga karamdamang noon ay bihirang naririnig tulad ng CANCER. CANCER na siyang ikinamatay ng maraming tanyag na panauhin sa lipunan at patuloy na pumapatay sa marami pang iba na hindi nalalathala dahil sa MASAMANG PAGKAIN at INUMIN na kinahuhumalingan ng mga kabayan sa tulong ng ADVERTISEMENT sa TV, DYARYO, at RADIO.

    IWASAN ang mga fast foods na maraming chemicals na kinakailangang gamitin para makagawa ng maramihan para makabenta ng pinakamarami…burgers, hot dogs, piizza at iba pang mga MAKUKULAY na kakanin. PILIIN ang gulay, isda, prutas, complex carbo tulad ng bigas at mais, NUTS, MUSHROOM, BERRIES, ONIONS and GARLIC, lalo na doon sa mga may idad. Iwasan din ang mga chichiriang gumagamit ng HYDROGENATED OILS. Basahin ang ingredients sa pakete.

    • phthlateous

      salamat po for sharing. your gift of sharing info re. good health is appreciated.

      what is your take on drinking coffee, yang kape natin sa batangas at cavite?

      it looks like the food our forefathers ate, prior to all this commercial and artificially influenced foods, were the right foods after all.

      • UrHONOR

        Maraming salamat at na-appreciate mo po ang info na ang pinagmulan ay isang dalubhasang MD sa US na ang pinag-aaralan at ini-specialista ay ang sanhi ng maraming iba’t ibang uri ng cancer.

        Siyang tunay, na ang pagkain noon ng ating mga ninuno ang pinakamagaling na pagkain dahil walang mga kemikal na napapaloob sa mga kinakain nila….tulad ng mga manok na ang kinakain ay natural at hindi yong mga pinlalaki sa mfa FARMS na ang pinakakain ay may taglay na hormones at kemikals. Mag-ingat sa mga fast-foods na nagbebenta ng mga fried chicken dahil ang mga manok nila (broiler) ay pinalalaki nila sa pinakamadali at pinaka-maigsing panahon sa tulong ng feeds na may taglay na hormones at kemikal para makatay at mabenta kaagad. Pag kain ng naturang manok, kung ano yong nakain ng manok siya din ang papasok sa katawan ng kumain. Hindi ibig sabihin na kapag kumain ng ganitong uri ng pagkain, e, magkakaroon na kaagad ng karamdaman. Over time by accumulation sa sistema ng katawan, ang mga bagay na hindi pinapasok da katawan ay magsisimulang magkaroon ng hindi mabuting epekto sa katawan.

  • Just_JT

    It is really not healthy to drink Coke or soda. Perhaps more than 50% is the drop in their sales here in Phl.

    • http://mikkieugenio.tumblr.com/ Paul Eugenio

      I agree, ever since Universal Robina introduced C2 a decade ago. Also the fact that Zest-O/ARC and Pepsi PH cannibalized most of Coca-Cola’s market share.

    • DeeEsspee

      Coke must be neutralized with an equal part of lambanog to make it safe. :D

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