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News Summary: Coca-Cola’s profit slips on costs

By The Associated Press
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THE BIG NUMBERS: The Coca-Cola Co. says its second quarter profit slipped as higher costs for ingredients offset a bump in revenue.

WHAT THEY’RE DRINKING: In North America, overall sales volume grew 1 percent. Sparkling beverages — or sodas such as its flagship Coke and Sprite — were down 2 percent in North America. The drop was offset by an 8 percent increase in still beverages, such as Powerade and Smartwater.

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