Oct 25 (Reuters) – Coca-Cola Co reported a 38 percent jump in quarterly profit, helped by cost-cutting and higher demand for Sprite and tea and coffee in North America, its biggest market.
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Net income attributable to the company’s shareholders rose to $1.45 billion, or 33 cents per share, in the third quarter ended Sept. 29, from $1.05 billion, or 24 cents per share, a year earlier.
Revenue fell 14.6 percent to $9.08 billion as it refranchised some bottling operations.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)
