Coca-Cola quarterly profit falls 3 percent

Coca-Cola Co reported a 3 per cent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year. The company's net income attributable to shareholders fell to $2.60 billion, or 58 cents per share, in the second quarter ended June 27, from $2.68 billion, or 59 cents per share, a year earlier. Excluding items, the maker of Sprite, Minute Maid and Powerade earned 64 cents per share. Revenue fell 1 per cent to $12.57 billion. The company said global unit case volumes rose 3 per cent, while North American volumes were flat, according to Reuters.