Cost cuts, cheaper commodities help Coca-Cola top profit estimates
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Coca Cola (KO) Plans Significant Acceleration of Bottler Refranchising (COKE) (CCE)
February 9, 2016 7:41 AM ESTThe Coca-Cola Company (NYSE: KO) announced that it is accelerating the pace and scale of its bottler refranchising efforts with plans to refranchise 100% of Company-owned North America bottling territories by the end of 2017, including all cold-fill production facilities. The Company has also entered into a non-binding letter of intent to refranchise Company-owned bottling operations in China to existing partners China Foods Limited, part of COFCO Limited, and Swire Beverage Holdings Limited, building on other recent global refranchising initiatives in Europe and Africa.
The Companys progress and success in transitioning bottling territories to... More
