Capital, Earnings & M&A
Coca-Cola Is About to 'Die'?! You'd Better Take a Last Look...
Coca-Cola's new CEO plans to lay off 1,200 headquarters employees in 2017, sell its bottling operations, cut staff from 123,000 to 39,000, and halve capital expenditure to $1.3 billion. The company's first-quarter 2017 revenue fell 10% year-on-year to $9.1 billion, with net income down 21% to $1.18 billion, marking the fourth consecutive year of declining performance.
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