Coca-Cola Co. has reported an inconsequential decline in its net revenue. The North America sales volume of the company has been not up to the mark. As a result, the global leader of soft drinks, Coca Cola Co. has managed to receive lower-than-expected net revenue in the quarter.

As per the company officials the company has a 2% decline in the sales volume in North America. Its share price has also slipped by 0.5%. According to market experts, this decline is basically due to the weak economy. The cold weather in the month of January and February has affected the sales of cold drinks in the country.

The company officials have also informed that it is going to acquire the North American operations of its largest bottler Coca Cola Enterprises Inc. The deal has been reported to be on track and at the end of the fourth quarter it is expected to be finalized.

The company is focusing on streamlining distribution, boosting flexibility and cutting costs at its facilities. It is looking to save the cost by $500 million by the end of 2011.