It's interesting that the head company in the US is suffering serious earnings and softdrink market growth issues at present also:
"Coca-Cola Profit Falls 8.4% as Cost Cuts Announced"
18 February 2014, Bloomberg
Coca-Cola Co. (KO), the world’s largest beverage company, said fourth-quarter profit fell 8.4 percent and announced a new cost-cutting program to boost earnings.
Net income dropped to $1.71 billion, or 38 cents a share, in the three months ended in December, from $1.87 billion, or 41 cents, a year earlier, Atlanta-based Coca-Cola said today in a statement. Excluding some items, profit was 46 cents a share. The average of 16 analysts’ estimates compiled by Bloomberg was 46 cents.
Chief Executive Officer Muhtar Kent, facing slowing growth in emerging markets, said today Coca-Cola will pare supply and data-management costs and overhaul marketing programs to generate $1 billion in savings by 2016. Global sales volume rose 2 percent for the year and 1 percent for the quarter, less than the 4 percent annual and 3 percent quarterly growth reported a year ago.
“Coke’s problems are more macro than executional, although continued carbonated soft drink weakness is also having an impact,”John Faucher, an analyst at JPMorgan Chase & Co. in New York, said in a note before the results were released. He has a neutral rating on the shares.
Coca-Cola fell 0.5 percent to $38.73 at 7:34 a.m. in New York. The shares have fallen 5.8 percent this year, compared with a 0.5 percent decline for the Standard & Poor’s 500 Index.
- Forums
- ASX - By Stock
- Ann: CCA 2013 Full Year Results
It's interesting that the head company in the US is suffering...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online