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Coca-Cola is also trying to boost sales by raising prices and
diversifying into beverages such as cold-pressed juices and
energy drinks.
Net operating revenue fell 8 percent, the third straight
quarterly drop. Excluding the impact of acquisitions,
divestitures and foreign currency, sales declined 1 percent.
However, net income attributable to shareholders jumped 60.6
percent to $1.24 billion, or 28 cents per share, in the fourth
quarter ended Dec. 31.
Selling, general and administrative expenses fell 9.2 percent to
$3.94 billion.
Excluding items, the company earned 38 cents per share.
Analysts on average had expected earnings of 37 cents per share
and revenue of $9.91 billion, according to Thomson Reuters
I/B/E/S.
(Reporting by Sruthi Ramakrishnan and Yashaswini Swamynathan in
Bengaluru; Editing by Sriraj Kalluvila)
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