Coca-Cola Profits Fall As It Adds New Non-Soda Drinks
Coca-Cola reported lower earnings Tuesday on restructuring costs and flat volumes as it touts new low-sugar beverages in response to flagging demand for soda. Net income in the first quarter was $1.2 billion, down 20.3 percent from the year-ago period. Revenues fell 11.3 percent to $9.1 billion, reflecting lower sales from bottlers that were sold … Read more