{"id":885,"date":"2014-02-19T09:19:10","date_gmt":"2014-02-19T09:19:10","guid":{"rendered":"http:\/\/citi.hatuasolutions.com\/?p=885"},"modified":"2014-02-19T09:19:10","modified_gmt":"2014-02-19T09:19:10","slug":"coca-cola-shares-hit-by-profit-fall","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=885","title":{"rendered":"Coca-Cola shares hit by profit fall"},"content":{"rendered":"<figure id=\"attachment_890\" aria-describedby=\"caption-attachment-890\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/citi.hatuasolutions.com\/wp-content\/uploads\/2014\/02\/COCA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-890\" alt=\"Coca-Cola is the world's biggest drinks company\" src=\"http:\/\/citi.hatuasolutions.com\/wp-content\/uploads\/2014\/02\/COCA-300x168.jpg\" width=\"300\" height=\"168\" \/><\/a><figcaption id=\"caption-attachment-890\" class=\"wp-caption-text\">Coca-Cola is the world&#8217;s biggest drinks company<\/figcaption><\/figure>\n<p id=\"story_continues_1\">Shares of beverage giant Coca-Cola saw their biggest fall in two years after its profit fell due to slowing sales in the US and Europe.<\/p>\n<p>Coca-Cola&#8217;s fourth-quarter net income fell 8.4% from a year earlier to $1.7bn (\u00a31bn), missing analyst estimates.<\/p>\n<p>Revenue also fell, partly due to currency fluctuations and the sale of its bottling operations in Brazil and the Philippines last year.<\/p>\n<p>Its stock lost as much as 4.3% in US trading after its earnings release.<\/p>\n<p>Coca-Cola chief executive Muhtar Kent said they were looking to &#8220;restore momentum&#8221; to its business this year.<\/p>\n<p>&#8220;While we move forward in what remains an uncertain global economy, the long-term fundamentals driving our business and industry have not changed,&#8221; <a href=\"http:\/\/assets.coca-colacompany.com\/2b\/b7\/ae8656a5414cbead4aa741b08d92\/coca-cola-fourth-quarter-and-full-year-2013-results.pdf\">he said in a statement<\/a>.<\/p>\n<p>&#8220;A rising middle class, greater urbanization and increasing personal consumption expenditures in markets around the world will continue to drive greater demand for our beverages.&#8221;<\/p>\n<p><strong>Coffee boost?<\/strong><\/p>\n<p>Coca-Cola plans to increase its spending on advertising to spur sales, while simultaneously looking to save $1bn in annual costs by 2016.<\/p>\n<p>The Atlanta-based company has also been branching out into other drink options, such as juices, teas and water.<\/p>\n<p>Last month, it also bought a 10% stake in Green Mountain Coffee Roasters for about $1.25bn.<\/p>\n<p>Rival PepsiCo has also been struggling with weak sales of carbonated soft drinks, and announced plans last week to close plants and increase automation to save money.<\/p>\n<p>Source : BBC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of beverage giant Coca-Cola saw their biggest fall in two years after its profit fell due to slowing sales in the US and Europe. Coca-Cola&#8217;s fourth-quarter net income fell 8.4% from a year earlier to $1.7bn (\u00a31bn), missing analyst estimates. Revenue also fell, partly due to currency fluctuations and the sale of its bottling [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[4],"class_list":["post-885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=885"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}