Report on Coca-Cola profit and revenue this quarter shows a drop of nearly 5%. A strong dollar has resulted to a less value in Coca-Cola revenue from outside North America. The global economic slowdown also affected Coca-Cola revenues resulting a revenue cutback.
Breaking News
Coca-Cola Company has plans to dispose off its nine U.S. production facilities amounting to almost $380 million to three bottling companies that help produce its drinks. This is one part of the plan to lessen the costs and streamline operations as reported by Bloomberg.
Subscribe to VCpost newsletter
Most Popular
- Neuralink Co-Founder Implies He Left Elon Musk's Brain Implant Company Over Safety Concerns
- Joe Biden Administration Sanctions Colombian Maritime Companies Preying on Vulnerable Migrants Seeking to Enter US
- IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers
- Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works
- Social Security and Medicare Get Boost From Stronger US Economy, But Funds Expected to Run Short in 2035
- Americans Brace for Another Round of Higher Housing Costs, NY Fed Survey Shows
- Hims & Hers CEO Responds to Backlash After Facing Stock Plunge Over Comments Praising Anti-Israel Protesters
- Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance