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This is an archive article published on November 12, 2004

Coke cuts long-term earning, sales targets

Stung by a prolonged downturn in North America and other markets, the Coca Cola Co, announced today that it was lowering key long-term earni...

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Stung by a prolonged downturn in North America and other markets, the Coca Cola Co, announced today that it was lowering key long-term earnings and sales targets.

It said it expected annual earnings per share growth in the high single digits in percentage terms and annual unit case volume growth of between 3 per cent and 4 per cent over the long term. Its previous long-term targets were 11 to 12 per cent EPS growth and 5 to 6 per cent volume growth. —Reuters

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