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Coca-Cola Sales Miss Estimates, Shares Slip

Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, lik... More Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc , has been battling declining soda sales in developed markets, especially the United States, as people reach for healthier options. Coke bought a 10 percent stake in Keurig coffee maker Green Mountain Coffee Roasters Inc earlier this month, and will help develop a cold-beverage dispenser that it hopes will boost at-home consumption of fizzy drinks. Volumes in North America fell 1 percent, while those in Europe grew just 1 percent as consumer spending remained subdued. Less

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