Coca-Cola's profit slips as US soda sales flag

Staff Writer
Columbus CEO

NEW YORK (AP) — Coca-Cola says its profit fell in the fourth quarter as it sold less soda in North America.

The maker of Sprite, Powerade and Vitaminwater water says global sales volume rose 1 percent, helped by stronger overseas results.

In North America, it said soda volume fell 3 percent while noncarbonated drinks rose 4 percent. PepsiCo said last week that its soda volume fell in the "mid-single digits."

For the three months ended Dec. 31, Coca-Cola Co. earned $1.71 billion, or 38 cents per share. Not including one-time items, it earned 46 cents per share, in line with Wall Street expectations.

A year ago, the company earned $1.87 billion, or 41 cents per share.

Revenue fell to $11.04 billion, short of the $11.31 billion Wall Street expected.