NYSE:KOBeverage
Coca-Cola Leadership Shift And BODYARMOR Charge Refocus Investor Attention
Coca-Cola (NYSE:KO) plans for Henrique Braun to succeed James Quincey as CEO on March 31, 2026, marking a major leadership transition.
The company recorded a US$960 million impairment charge on its BODYARMOR sports drink brand, reflecting tougher competition and slower growth for that business.
Management also outlined a softer sales growth outlook for 2026 and reported a revenue shortfall versus estimates, the first in five years.
Coca-Cola, the owner of brands such as Coke, Fanta and...