Coca-Cola profit falls 8pc
Coca-Cola reported an 8pc fall in quarterly net earnings after a decline in volumes in Europe and the sale of its bottling operations in Brazil.
The company's net income attributable to shareholders fell to $1.62bn, or 36 cents per share, in the first quarter ended March 28 from $1.75bn, or 39 cents per share, a year earlier.
Excluding items, earnings were 44 cents per share.
Revenue fell 4pc to $10.58bn.
The company said that while global sales volumes rose 2pc in the quarter, volumes fell 4pc in Europe.