Coca-Cola’s Second-Quarter Profit Up 20%
Coca-Cola Co. reported Thursday that its second-quarter profit jumped 20% from the year-earlier period as a result of strong sales volume, particularly overseas.
The Atlanta-based soft drink company earned $678 million, or 52 cents a share, during the three-month period, compared to income of $565 million, or 43 cents a share, in the 1992 second quarter.
Revenue rose 11% to $3.9 billion, from $3.5 billion.
The biggest increase--25%--occurred in northeastern Europe and the Middle East, where Coke is expanding in previously untapped markets.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
