Coca-Cola's quarterly profit jumps 38 percent

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Reuters
Last Updated : Oct 25 2017 | 4:57 PM IST

REUTERS - Coca-Cola Co reported a 38 percent jump in quarterly profit, helped by cost-cutting and higher demand for Sprite and tea and coffee in North America, its biggest market.

Net income attributable to the company's shareholders rose to $1.45 billion, or 33 cents per share, in the third quarter ended Sept. 29, from $1.05 billion, or 24 cents per share, a year earlier.

Revenue fell 14.6 percent to $9.08 billion as it refranchised some bottling operations.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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First Published: Oct 25 2017 | 4:48 PM IST

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