[naviga:h3]Coca-Cola buys stake in BodyArmor[/naviga:h3]

NEW YORK — Coca-Cola is buying a minority ownership stake in sports drink maker BodyArmor, for an undisclosed amount, marking the latest move by the world’s biggest beverage maker to diversify.

The Atlanta company said Tuesday the deal will allow it to increase its stake in BodyArmor. BodyArmor will get access to Coca-Cola’s bottling system, which the companies say could increase distribution. Coca-Cola also makes the sports drink Powerade, while rival PepsiCo makes the more popular Gatorade.

Coca-Cola has been investing in newer drinks to become what CEO James Quincey calls a “total beverage” company as Americans move away from traditional sodas. Its investments in recent years have included milk that is strained to have more protein and a push behind sparkling water.

[naviga:h3]Home Depot has big 2nd quarter[/naviga:h3]

ATLANTA — Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world’s biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday.

Higher mortgage rates combined with steadily rising real estate prices have dampened home sales this summer despite the robust economy and job market, but Americans continue to plow money into the places where they live.

The Atlanta company’s second-quarter profit hit $3.51 billion, or $3.05 per share. That a much bigger per-share profit than the $2.84 that Wall Street was looking for, according to analysts.

Revenue rose to $30.46 billion, from $28.11 billion, also topping projections of $29.98 billion on Wall Street. Sales at stores open at least a year, a key indicator of a retailer’s performance, surged 8 percent, and 8.1 percent in the U.S.

Transactions over $1,000 were up 10.6 percent compared to the second quarter of fiscal 2017.