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US: No acquisitions on horizon at Coke

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The Coca-Cola Company is not in the market to acquire. Speaking to analysts and investors yesterday (11 November) the CEO of Coke said there were no immediate plans for any major acquisitions.

"There is nothing on the agenda in the way of major acquisitions," Neville Isdell said.

The presentation was made shortly after a statement yesterday saying the company was cutting its long term growth forecasts for sales and earnings.

The company's revised annual volume target is between 3% and 4% over time. Coke said it was targeting annual operating income growth of between 6% and 8% and earnings per share growth in the high single digits.

The company's previous long-term targets were between 11% and 12% EPS growth and between 5% and 6% volume growth.

However, the company also added that it was increasing its marketing and innovation investments by between US$350m and $400m beginning next year.


Sectors: Soft drinks

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