4 Takeaways from Coca-Cola’s Investor Day
Coca-Cola (NYSE: KO) recently held its first investor day since 2009. That's a long time compared with many other companies, which usually have an annual or biannual investor day. However, the company now has a new CEO in James Quincey, who assumed the role on May 1. In addition, the company just completed a years-long refranchising program for its worldwide bottling operations. Therefore, the company thought it was the right time to give a higher-level view of its goals and strategy going forward. Here are the main takeaways.
Coke first laid out its financial goals. First, the company is targeting revenue growth of 4%-6% over the long term. While that doesn't exactly blow the doors off, Coca-Cola is already the largest beverage company in a number of categories, so it will be difficult to grow beyond the overall ready-to-drink industry, which is expected to grow 4% worldwide through 2020. That's an extra $150 billion Coke wants to go after.
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Source: Fool.com
Coca-Cola Co. Stock
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