At the end of last week, Coca-Cola, the beverage manufacturer, released its quarterly earnings report. The company's annual profit fell by 80% by 2016. 2017 ended with a loss of 2.8 million dollars, and it could be attributed to the appointment of a new development director in March last year. At that time, it was decided to focus on a healthy lifestyle and build a more flexible business on five clusters: soda, juice, dairy and vegetable drinks, water and beverages for sports, tea and coffee. In connection with the new strategy, staff reductions were started that will continue in 2018.
Over the past few days, Coca-Cola shares fell by 4.4% and will continue their negative movement. Trading will be available during the American session, from 14:40 to 21:00 GMT.
The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions