Coca Cola will stop production of coconut water brand Zico or abandon some coke varieties

category:Finance
 Coca Cola will stop production of coconut water brand Zico or abandon some coke varieties


According to the report, Coca Cola has 500 wholly-owned or partially owned brands around the world, and the company said in August that it intends to cut the number by more than half. The move is one of the overall restructuring measures triggered by the new outbreak, which includes layoffs and adjustment of marketing strategies.

In August, the Chinese website of the Wall Street Journal reported that Coca Cola said it would provide voluntary resignation plans to 4000 employees working in the United States and Canada who were recently employed no later than September 1, 2017. Coca Cola said it was seeking similar action in its overseas operations. Coca Colas revenue fell 28% to $7.15 billion in the second quarter ended June 26, down from $10 billion a year earlier. Excluding the impact of exchange rate, M & A and divestiture, the revenue of endogenous business decreased by 26%. Cokes second quarter net profit was $1.78 billion, or 41 cents a share, down from $2.61 billion in net profit and 61 cents per share in the same period last year. Adjusted earnings per share were 42 cents, higher than analysts had expected of 40 cents. Coca Cola shares rose 0.37% on Friday to close at $49.36. Shenzhen real estate market in September: second hand housing transaction fell by 24%, new house continued to warm up 15 billion euro, payment giant was born! Two largest Italian payment companies announced merger, fell 7%! SMIC international was subject to us export control measures to deal with potential impact. Source: surging news editor: Zhong Qiming_ NF5619

In August, the Chinese website of the Wall Street Journal reported that Coca Cola said it would provide voluntary resignation plans to 4000 employees working in the United States and Canada who were recently employed no later than September 1, 2017. Coca Cola said it was seeking similar action in its overseas operations.

Coca Colas revenue fell 28% to $7.15 billion in the second quarter ended June 26, down from $10 billion a year earlier. Excluding the impact of exchange rate, M & A and divestiture, the revenue of endogenous business decreased by 26%. Cokes second quarter net profit was $1.78 billion, or 41 cents a share, down from $2.61 billion in net profit and 61 cents per share in the same period last year. Adjusted earnings per share were 42 cents, higher than analysts had expected of 40 cents.

Coca Cola shares rose 0.37% on Friday to close at $49.36.