Coca-Cola Co., the world’s largest soft-drink maker, said third-quarter profit rose less than 1 percent as volume gains in Mexico and China were countered by a decline in North America. The shares fell in New York trading.
Net income increased to $1.9 billion from $1.89 billion a year earlier, the Atlanta-based company said today in a statement. Revenue fell 4.2 percent to $8.04 billion, the company said.
Coke CEO said consumer sentiment will recover slowly into 2010.
Oct 20 · 10:48:00 AM · Source: Bloomberg
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