Coca-Cola's profits were down 3 percent in the second quarter compared with the same quarter last year, the company said Tuesday.
The beverage company blamed the drop in profits to $2.68 billion on unseasonable weather around the world, the sluggish economy in Europe and slowing growth in China.
Changing US beverage tastes also played a role, said the company, based in Atlanta, Georgia.
European sales fell 4 per cent while global sales fell 1 percent.
Although revenues fell 2.6 percent to $12.7 billion, the company remains the world's leading beverage company.
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