Oct 15- Coca-Cola Co on Tuesday reported a higher quarterly profit and said it was on track to achieve its goal of doubling its 2010 "system revenue," which includes its sales and those of its bottlers, by 2020.. In the third quarter, net income rose 6 percent to $2.45 billion, or 54 cents per share, in the third quarter from $2.31 billion, or 50 cents per share, a year earlier.
Oct 15- Coca-Cola Co on Tuesday reported quarterly earnings that met Wall Street's expectations as it sold more of its namesake soft drinks, as well as teas and waters, despite a challenging economy.
*S&P companies' exposure to China has jumped over the years. *More than half of revenue for Yum Brands, AMD comes from China. Among 18 S&P companies with large exposure to China, 12 of them were underperforming the broader S&P 500 index year-to-date, including Yum Brands Inc and Intel, which noted the slower growth in China as a headwind.
It cited economic slowdowns in Europe and Asia, a consumer credit crunch in Brazil and inflation in Mexico. It also said a historically wet and cold spring in the United States, very early monsoons in India, and flooding in central Europe curbed sales and overall consumer spending.
Coca-Cola said overall volume rose 1 percent, which was below its expectations, and cited slow economies in Europe, Asia and Latin America. Quarterly net income dipped to $2.68 billion, or 59 cents per share, from $2.79 billion, or 61 cents per share, a year earlier.
July 16- Coca-Cola Co said its quarterly profit fell due to ongoing economic malaise and unusually poor weather, sending its shares down. Net income dipped to $2.68 billion, or 59 cents per share, in the second quarter, from $2.79 billion, or 61 cents per share, a year earlier, it said on Tuesday.
NEW YORK-- The Coca-Cola Co. has a formula for growth in the volatile economic climate: sell more of its drinks in emerging markets and evolve its stable of products at home, where concerns over sugary drinks are intensifying.
The U.S. needs comprehensive tax reform "so that U.S. corporations, small, medium-size and large, can have a level playing field," Coca-Cola Chairman Muhtar Kent told CNBC Thursday.
The U.S. economy is better than it was 18 months ago but the recovery is still mixed, with Warren Buffett, Berkshire Hathaway chairman/CEO and Muhtar Kent, Coca-Cola chairman/CEO.