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Continued: Coca-Cola struggles with Americans' shift away from soda; cold, wet spring doesn't help

  • Article by: CANDICE CHOI , AP Food Industry Writer
  • Last update: July 16, 2013 - 5:45 PM

In addition to bad weather, the company noted that it was dealing with challenging economic conditions and other socioeconomics factors, such as unrest in the Middle East.

For the second quarter, Coca-Cola Co. said it earned $2.68 billion, or 59 cents per share. That's down 4 percent from $2.79 billion, or 61 cents per share, a year earlier.

Excluding one-time items, the company said it earned 63 cents per share, in line with Wall Street expectations.

Revenue slid to $12.75 billion, short of the $12.95 billion analysts expected, according to FactSet.

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