Coca-Cola profit beats estimates; North American soda sales up
Coca-Cola Co (KO.N) reported a slightly higher-than-expected profit on Tuesday as sales in North America, its biggest market, rose for the first time in four quarters, offsetting the impact of a stronger dollar on its overseas business.
Shares of the world’s largest beverage maker rose 3.2 percent to $42.56 in premarket trading.
Coke’s sales in North America have declined or remained flat for the last three quarters as U.S. consumers opt for healthier beverages and shift away from diet sodas due to concerns about artificial sweeteners.
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