Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Coke's revenue drops

Wednesday, July 27, 2016 - 00:53

Coca-Cola's revenue fell for the fifth straight quarter, and the beverage giant cut its outlook for organic revenue growth. Fred Katayama reports.

▲ Hide Transcript

View Transcript

Weakness in emerging and developing markets took the fizz out of Coke's earnings. So did the mighty dollar. Coca-Cola's quarterly operating revenue fell more than 5 percent. It marked the fifth straight quarterly decline. While the company performed well in its biggest markets such as the U.S., Mexico and Japan, it suffered in China and Argentina. Products-wise, health conscious consumers prefer non-fizzy drinks. Volume in non-carbonated drinks such as tea and juice grew. But soda volume fell in emerging markets and in North America, where its flagship brand, Coca-Cola, declined. The company's profit rose and beat estimates. But Coca-Cola cut its full year forecast for organic revenue growth, and shares fell in early trading, chipping away at its 4 percent gain this year.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Coke's revenue drops

Wednesday, July 27, 2016 - 00:53