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EU: Coca-Cola expects European bottler merger to hurt results

 |  June 16, 2016

Coca-Cola said Thursday that it expects a recent merger of European bottlers to hurt its second-quarter revenue and pretax earnings.

Shares of the Atlanta-based soda company slipped 1.3 percent before the stock market opened.

Last month, a deal was completed involving three European bottlers that created Coca-Cola’s largest bottler, called Coca-Cola European Partners. The new company makes, distributes and markets Coca-Cola drinks across Europe, including in the UK, France and Germany.

Coca-Cola Co. said it expects the combination to pull its revenue down five to six points and drag its income before taxes down four to five points. The company did not provide specific numbers.

Full Content: News Observer

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