Coca-Cola says it sees fizz returning to flattening pop sales

Global News

NEW YORK – Coca-Cola, the world’s biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years.

The drop was offset by stronger sales of some of its noncarbonated drinks that include Minute Maid, Powerade and Dasani bottled water, and overall volume of drinks sold rose 2 per cent.

But the decline across the globe is significant for Coca-Cola: The last time worldwide soda volume declined was in 1999, according to the company.

Gary Fayard, the company’s outgoing chief financial officer, attributed the decline in sodas partly to the timing of Easter, which falls in the second quarter this year instead of the first.

“It’s not as concerning to us as it would look at first pass,” he said in a phone interview.

He also cited a double-digit soda decline in Great Britain, where the company stood by its pricing despite…

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