(Reuters) – Coca-Cola Co reported an 8 percent fall in quarterly net earnings after a decline in volumes in Europe and the sale of its bottling operations in Brazil.
The company’s net income attributable to shareholders fell to $1.62 billion, or 36 cents per share, in the first quarter ended March 28 from $1.75 billion, or 39 cents per share, a year earlier. Excluding items, earnings were 44 cents per share.
Revenue fell 4 percent to $10.58 billion. The company said that while global sales volumes rose 2 percent in the quarter, volumes fell 4 percent in Europe.
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