• YTD net profits down 8% to US$6.3bn
  • Net sales in nine-month period down 2% to $35.1bn
  • Operating profits up 2% to $8.3bn
  • YTD volumes up 2%
  • Q3 net profits down 14% to $2.1bn
  • Net sales in three-month period flat at $12bn
  • Operating profits up 1% to $2.7bn
  • Q3 volumes up 1%
Coca-Colas profits fell by 14% in Q3

Coca-Cola's profits fell by 14% in Q3

The Coca-Cola Co has posted a drop in year-to-date profits and sales as it saw a 14% fall in its bottom line for the last quarter. 

The company, which also announced more cost-cutting measures, said today net profits for the nine-months to 26 September were down 8% to US$6.3bn. Net sales fell 2% to $35.1bn in the same period, though operating profits were up 2% to $8.3bn.

Volumes rose by 2%, however a difficult Q3 saw profits in the three-month period decline 14% despite sales remaining firm. The company blamed currency fluctuations and warned that full-year results will be impacted by an expected six percentage points because of changes in the international money markets.

Coca-Cola's shares were down 4% in pre-market trading today.

In August, Coca-Cola agreed to pay $2.15bn for a 16.7% stake in Monster Beverage Corp. Under the terms of the deal, Coca-Cola will transfer ownership of its energy business to Monster and take control of Monster's non-energy brands.

To read a just-drinks exclusive comment on the results, click here.

For more detailed coverage of Coca-Cola's results by region, click here.

To read what CEO Muhtar Kent told analysts in a conference call, click here.

To read the company's full statement, click here.