Coke Profit and Revenue Fall as Volume Is Flat

http://www.wsj.com/articles/coke-profit-and-revenue-fall-on-flat-volume-1461152837


Coke has been struggling with weakness overseas, with key countries such as Russia and Brazil in recession, consumer demand weak in Europe and Japan, and China’s economy slowing. Weakening foreign currencies also are hitting Coke, which generates about half its sales abroad but translates results into dollars.


The company has been able to offset that in part by raising prices and steering consumers to smaller packages that cost more per ounce in its U.S. market.


For the first quarter, Coke reported that its beverage volumes grew 2% both world-wide and in its key North American market.