Coca-Cola’s quarterly revenue falls almost 5 per cent

The company’s core soda products remained under pressure in North America, meanwhile.

The Atlanta-based company said it had profit of 33 cents per share.

The world’s largest beverage maker posted revenue of $11.43 billion in the period, missing Street forecasts.

For the three months to 2 October, overall revenue was down 4.6% to $11.4bn, even though volumes were up 3%.

Stripping out currency headwinds, that rose to 51 cents.

Mr. Kent declined to comment on how brewer Anheuser-Busch InBev NV’s planned takeover of SABMiller PLC could affect Coke’s bottling operations. Net profit, meanwhile, dropped by 31% to $1.45bn. Currency hurt PBT by 12%, worse than the expectation of 10%.

This 1% is perhaps more important than it looks. Coca-Cola also is weathering the storm by selling smaller containers of its beverages at higher prices per ounce and revamping its bottling system to improve profitability. In the third quarter, the company said Wednesday non-carbonated drinks rose 6 percent globally while carbonated drinks rose 2 percent. Finally, Nomura reissued a “buy” rating and set a $53.00 price objective on shares of Coca-Cola in a research note on Tuesday, September 22nd. Coke Zero climbed 8%, while Fanta and Sprite grew in a low single-digit range. The Company owns or licenses and promotes more than 500 nonalcoholic beverage brands, chiefly sparkling beverages but also a variety of still beverages, for example waters, accentuated waters, juices and juice drinks, prepared-to-drink teas and coffees, and energy and sports drinks. AB InBev is a major soft drink bottler for PepsiCo Inc. and SABMiller is a major Coke bottler. Without it, North American unit-case volume would have been flat.

Among the developing countries, 5% volume growth in China and 4% in India were offset by declines in Russian Federation and Brazil. Following the transaction, the executive vice president now owns 185,485 shares of the company’s stock, valued at $7,790,370. Diluted earnings per share for 2015 were fully impacted by the issuance of around 16.7 million ordinary shares during the third quarter of 2014 as a result of the private placement and shareholders’ rights offering, which raised average ordinary shares outstanding.

Structural changes are expected have a 1% negative impact on revenues and PBT.

The company has already paid out $4.3 billion in dividends, and repurchased almost $2.0 billion of its own shares so far this year. Till last observation, the net money flow was recorded at a negative $(-20.55) million. Adjusted effective tax rate is likely to be 22.5%.