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The world's largest beverage maker has relied on higher pricing,
smaller pack sizes and premium packaging such as glass and
aluminum bottles to boost revenue in developed markets.
Sales in North America rose 3 percent for the third quarter
ended Sept. 30.
However, the company's net income attributable to shareholders
fell to $1.05 billion, or 24 cents per share, from $1.45
billion, or 33 cents per share, a year earlier.
Excluding items, Coca-Cola earned 49 cents per share.
Net operating revenue fell 7 percent to $10.63 billion, the
sixth straight quarter of decline.
Analysts on average had expected adjusted earnings of 48 cents
per share on revenue of $10.51 billion, according to Thomson
Reuters I/B/E/S.
Coca-Cola also announced six new franchising agreements with
bottlers on Wednesday. http://bit.ly/2dJC6DZ
Following these deals, the company would have refranchised
territories that account for about 65 percent of total U.S.
bottler-delivered distribution volume.
(Reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Anil
D'Silva)
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