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Coca-Cola Profit Hit as Global Economy, Weather Misbehave

Coca-Cola Co. said profit fell 4 percent last quarter, the second decline in a row, as sales were sapped by economic weakness in China and Europe, shifting tastes in the U.S. and unseasonable weather in places such as India.

Coca-Cola has long touted its broad geographic reach and ability to make up for sluggish sales in one market with increases elsewhere. The second-quarter results show there’s a limit to that strategy, especially when Mother Nature and global economic forces refuse to cooperate.