NEW YORK (AP) — Coca-Cola's profit fell in the fourth quarter as it sold less soda in North America.
The maker of Sprite, Powerade and Vitaminwater water says global sales volume rose one percent, helped by stronger overseas results.
In North America, it said soda volume fell 3 percent while non-carbonated drinks rose four percent.
Americans have been cutting back on soda bit by bit for years, and Coca-Cola has been looking for new ways to grow as a result. Earlier this month, Coke said it was buying a stake in Green Mountain Coffee Roasters.
For the three months ended Dec. 31, Coca-Cola Co. earned $1.71 billion, or 38 cents per share. Not including one-time items, it earned 46 cents per share, in line with Wall Street expectations.
Revenue fell to $11.04 billion, short of the $11.31 billion Wall Street expected.
©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.