TAGS: vending, soda vending, Coca-Cola Co., Coke sales, Diet Coke sales decline, Fanta, Sprite, Coca-Cola 2014 second quarter
ATLANTA -- Coca-Cola Co.'s sales and profit declined in its second quarter as demand for Diet Coke remained weak in North America. Coke's profit fell 3% to $2.6 billion, or 58¢ a share, from $2.68 billion, or 59¢ per share, in the comparable period last year. Revenue dipped 1.4% to $12.57 billion.
Sales volume in North America remained steady, despite declining Diet Coke sale that may be attributable to health-conscious consumers shying away from artificial sweeteners. Juice drinks also saw declines, as Coke raised prices to cover higher commodity costs. Sales volume of regular Coke rose 1% in North America, which officials said resulted from meeting demand for smaller packages. Fanta and Sprite also saw gains in the region.
Globally, the world's largest soda maker saw volume rise 3% in its second quarter, boosted by 2% growth in sparkling beverages with pronounced gains in Asia and Africa.