Coca-Cola’s Quarterly Profit Rises


Coca-Cola reported a 38 percent rise in quarterly profit, helped by cost-cutting and higher demand for Sprite and tea and coffee in North America, its biggest market.

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.