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Restructuring Of Coca-Cola’s Bottling Network Pinches Sales, Profits

July 26, 2017: 12:00 AM EST
Coca-Cola CEO James Quincey said disappointing sales and profits in the first six months of 2017 were due to ongoing bottler refranchising efforts as the company transitions to a “total beverage company.” Overhaul of the bottler network – including nearly-completed refranchising in North America and divestiture of bottling operations in Germany, China, and South Africa – led to a 37 percent drop in net sales and volumes for the company’s bottling investments. Overall, the company experienced a first half decline in net sales of 14 percent. Net profits slipped 48 percent to $2.6 billion. [Image Credit: © Coca-Cola Company ]
Andy Morton, "The Coca-Cola Co H1 2017 net sales plunge on bottler overhaul - results", just-drinks.com, July 26, 2017, © just-drinks.com
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