Coca-Cola's global revenues slid 7% in the three months to September as consumers kept the lid on fizzy drinks. The fall to $10.6bn (£8.67bn) was the sixth consecutive quarterly decline in revenue for the world's biggest soft drinks company. The Latin America and Europe, Middle East and Africa regions both posted a 4% slide in sales, although North America had 3% growth and Asia rose 4%.
Water and sports drinks helped drive a 3% rise in still beverage sales. Net profit also fell 28% to $1.05bn (£859m) in the quarter. Both revenue and profits were slightly better than analysts had expected, helping shares to rise almost 1% in New York to $42.88. The stock is flat for the year to date. Volume sales of carbonated drinks such as Sprite, Fanta and Coca-Cola Zero were behind the 3% rise in North America to $2.66bn, while Diet Coke sales fell.
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