Agence France-PresseFebruary 18, 2014 12:47
Soft-drink giant Coca-Cola Tuesday reported a dip in fourth-quarter profits due to lower-than-expected sales and offered a 2014 outlook that disappointed analysts.
The US beverage maker said weak economic conditions had pinched consumption, leading to an overall 3.6 percent decline in global revenues in the October-December period.
Sales in North America, which account for nearly 50 percent of revenues, slid 4.2 percent to $5.27 billion. Sales in the region are under pressure in part due to consumer avoidance of high-calorie beverages.