ATLANTA — Coca-Cola’s sales declined in the first quarter as it restructured its business and the company said Tuesday that it will cut costs further. Coca-Cola Co. has also been reshaping its business by selling back its bottling and distribution operations to independent bottlers. On a global basis, the Atlanta company said soda sales volume declined 1 per cent, while the category including water, enhanced water and sports drinks rose 3 per cent. Volume rose 2 per cent in the category including tea and coffee. Volume for Fanta, Sprite and Coke Zero in the flagship North American market grew, while Diet Coke continued to decline.

Source: thestar April 25, 2017 15:56 UTC