Cola searching for the right Jolt on Wall Street Video Good enough.
It is Tuesday February 10 the markets in nyc are opened the big number today five point 37 billion dollars. About of sales in nova scotia for Coca Cola for the break quarter. friday black friday sales In fact you should consider this it's the first rise in sales for Coke in North America which is its biggest market. Within the last few four quarters Wall Street liking those earning report numbers bidding shares higher profit actually down 55%. From a yr after. Everyone down Butler and frisco here that he tells some numbers Yahoo! Finances Jeff MacKey on this stock market mr. MacKey are just fully grasp this. Anything stand out team and obviously you know kind of some some big headlines in generally it's big increase but still mostly speaking. Were you aware there's an. Not a lot of growth theory here from passing later this morning in fact. The winner the cola wars more obesity doctors because none of a lot of these businesses are really growing all that fast. United states grew a booming 1% which if your gonna do the icky shuffle over 1% it he speaks and kind of weakness in the rest your online as. One ideas that separated itself was that Coca Cola now. Is the home to twenty different one billion dollar or more brands they just go out there which are swallowing up brands. One by one just considering other ways to get people to just break stuff basically they're not really just Coca Cola. Right now they're making milk that are making juice they saw some juice sales fall off they're in just about whatever of your taking cobra like a selling asylum. That's an interest in description and structure. What's that will not what an honor slogan I think they'll stick went have a program smiled. You learn will wash down your pills could well be just go. The misunderstanding. We'll see if that is as as accretion for the mission statement for women who live the next shareholders' meeting so is it all those individual brands like vitamin water is that what drove this number. There's really a lot to drive their they're playing not to lose its globally. 4% currency had waned and so we show a lot about the strong dollar. And in the abstract doesn't imply that much because being good Americans you and I tend to stay in America would business stuff from other Americans. So a person see the currency impact but for multinationals like Coca Cola. That you atomic business abroad have a business comes from overseas. Which happens to be where the dollar hurts them and said the impact of that falling dollar. When they bring those dollars back home are simply not worth as much because the Benson on this forex echange forever said that hurt them as a multinational but there hectic shooting. Quite while they where can i get black friday ads so that they can expand and obviously Wall Street doesn't expect. Huge growth out of this business and just expect execution local acts acute and Wall Street is applauding at least today. Well a number of notably investors for Coke is Warren Buffett is it time raises Coke's board and management there they weren't they hot seat right now. In really who is kind of stories. And lesser companies than the may well been fed wolves. Greater agencies that's our undersea are ready. But I imagine that they get that Buffett halo around them whenever his pay hot debate if it was last year two years ago. Buffett was clearly quiet on top of local vote that did back Rother executive pay program. The idea was he being the Oracle of all mall law. Have some manipulate behind the curtain but basically anything good happens Wall Street Richards at the something Warren Buffett did anything map and CEOs. So I feel as if Coke is and to varying degrees. Being helped by the fact that many Buffett's there and the presumption that he is keeping things in check and not allowing too much access to go on. But again this company it's you will never fault them in terms of their aggression mean for goodness sake or discover a method to repackage milk. And sell excellent good average change. I don't know exactly the details on that but they're trying. Self-knowledgeable got away. The choice would be their ticket out lots of cash to investors. And and they are operating a lot methods but it. You know a history echo is a lot of failed expansion should at least make movies damn. And that did not go so well I think Oakes to enter its knitting and serving products is doing okay. Well keep in mind your diet snack food. Because elite Pepsi's really sharing with with Frito Lay evening coats and stated that some two thanks Jeremy in the solid form. I don't probably eight it's I don't think about necessarily be an expansion that Wall Street would welcome. But right now we're kind of more in break up mother deliver the circle of life to these matters like I said Coca Cola during the seventies and early eighties was a movie company. And I'm not sure what the attitude as get a much a Wall Street guys with Madison avenue people and in the few cocktails will figure out ways to sell it. I think the thought of airwaves that eight people go to movies and they buy Coke and so we'll put them together. That didn't go so while Wall Street applauded the break up a bad idea i don't know going ended chips or trying to copy what Pepsi's done. Pepsi stock performance has doubled out of Coke over the last twelve months although you're searching at with Coca Cola something along lines of now they've achieved. One ish percent growth and Pepsi is about 3% growth so killing it as a relative terms. And if you're talking about snack foods that it refers more to your prospects available earlier growth black friday flyers rate. I'll give a lesson ask you what this this remedy for paralysis ability than what this whole home fountain. Market there Coke's purchase security measures how's that gonna pay office. You know I i'd rather not turn this into bashing carping about I have one of their sodas remark at a competitor. Deals have you tried that gathered Coca Cola they make at home you know here's the thing I can't quite wrap my head around drinking enough soda for me to warrant this I mean its final lot you'll did you enjoy and that due gets a benefit out of that meet personally I just don't. But that's again I'm probably unprivileged so. You know now we are actually not you know I we have one of those soda machines out of eradicating it because I'd like the kind of go extreme with my carbonation and the cost savings go away when you're targeting things to within an inch of their lives basically when the beverage started to risk explosion that's when i believed it was pretty much prepared. With a lot of doubts that way but the end goal is that no the concentrate isn't really get it encourage a lot of growth there. I don't think there's a huge cry out there in the populace to say oh my god if only today's black friday deals acme Coke in my basement. That which are really expand the Monica localized street in a day. It's the same a nice idea it's a cute little product. But when your small business this big this established its been out there this long. It's just going to hard for Kerry to really move the needle bubbly logic right their jet and accurate defiant mr. MacKey have a good any of these friday there.
It has been a bubbly to table talking but it. I'm Dan its. This transcript has been completely by themself generated and may not be 100% accurate.
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