CEO Neville Isdell

The Coca-Cola Co. said Tuesday its third-quarter profit declined less than 1 percent, as sales fell as consumers continued to limit soft drink purchases and the stronger dollar took a toll on revenue. The world's biggest beverage maker says it earned $1.91 billion, or 81 cents per share, compared with $1.92 billion, or 81 cents per share, a year earlier. Results in the most recent quarter included a 1-cent restructuring charge. Atlanta-based Coca-Cola Co., the world's largest soft-drink maker, says revenue slumped to $8.04 billion from $8.39 billion. Analysts polled by Thomson Reuters, who usually exclude one-time items from their estimates, forecast profit of ... Read Full Story

NEW YORK (Reuters) - Coca-Cola Co <KO.N> reported a third-quarter profit that topped Wall Street estimates by a penny, helped by higher sales volume and cost cuts. The world's largest soft drink maker said on Tuesday that net income rose slightly to $1.90 billion, or 81 cents per share, from $1.89 billion, or 81 cents per share, a year earlier. Excluding a charge, Coca-Cola earned 82 cents per share. Analysts on average were expecting 81 cents, excluding items, according to Thomson Reuters I/B/E/S. Net operating revenue fell 4 percent to $8.04 billion. Sales by volume rose 2 percent. Coke's broad geographic footprint, especially in ... Read Full Story

An analyst on Monday raised estimates for Coca-Cola Co., saying the world's largest soft drink maker will see improving trends in its third quarter and less drag from foreign currency exchange. The Atlanta-based company is due to announce its third-quarter earnings on Oct. 20. UBS analyst Kaumil S. Gajrawala told clients in a note that findings by UBS analysts around the world showed improving trends in the U.S., India and other areas in the quarter. U.S. consumers have been cutting back on their soft drink purchases and switching to healthier juices and teas. But Gajrawala said that consumers are going back to soft drinks ... Read Full Story

NEW YORK (Reuters) - Coca-Cola Co said on Wednesday it will launch 90-calorie mini cans of soda to help consumers manage their calorie intake. The world's largest soft drink maker said the smaller packages will be available for the Coca-Cola, Sprite, Fanta Orange, Cherry Coca-Cola and Barq's Root Beer brands. The cans will be sold in packages of eight. The mini cans will debut in New York and Washington D.C. in December. Their nationwide roll-out should be "well under way" by March, the company said. The Atlanta-based company said last month it would include calorie information on the front of nearly all its packages ... Read Full Story

NEW YORK (Reuters) - Coca-Cola Co said on Wednesday it will include calorie information on the front of nearly all its packages, as the world's largest soft drink maker seeks to raise consumer awareness about nutrition. The move, which Coke said is the first among beverage companies, comes a day after it said it was intensifying its efforts to promote the benefits of a healthy lifestyle and balanced diet as a way to fight the possibility of a soft drink tax. There have been increasingly vocal calls for taxes on sugary drinks and junk food to help fight the problem of obesity in the ... Read Full Story