Coca-Cola’s strong earnings drew only a tepid response from investors. One reason could be the company’s go-slow approach to unloading global bottling operations that it has painstakingly rebuilt. But Muhtar Kent says he’s not …
The Coca-Cola Company (KO) reported earnings of 88 cents per share for the third quarter, up 9% from a year earlier.
Net revenue rose 5% to $8.4 billion in the quarter, boosted by a strong performance in the North American market, the company said in a statement. International volume also rose 6% in the quarter.
“We are very pleased with our third quarter performance,” CEO Muhtar…
Continue reading Coca-Cola Earnings Rise to 88 Cents Per Share
Coca-Cola Earnings Rise to 88 Cents Per Share originally appeared on DailyFinance on Tue, 19 Oct 2010 08:24:00.
Filed Under: Company News, Earnings, Coca-Cola Company, Retail
Mayor Michael Bloomberg sought permission from the federal government to bar New York City’s 1.7 million food stamp recipients from using them to buy sugary drinks such as sodas.
Bloomberg, a staunch advocate of anti-obesity measures, sent the request to the United States Department of Agriculture, The New York Times reported.
The mayor asked for a two-year ban to examine whether…
Continue reading New York Wants to Ban Sugary Drinks from Food Stamp Purchases
New York Wants to Ban Sugary Drinks from Food Stamp Purchases originally appeared on DailyFinance on Thu, 07 Oct 2010 06:49:00.
Filed Under: Health Care, Taxes, Retail
The Mexican version of Coke — made with cane sugar instead of high-fructose corn syrup and served in glass bottles rather than plastic — is making great inroads in the U.S. market. And it’s not just Hispanic consumers who are…