Shares of the soda maker slipped Friday, one day after Philadelphia became the first big U.S. city to tax soda. The city imposed a $0.015 per ounce tax on sugary drinks. Coca-Cola also issued updated guidance Thursday, saying it expects a decline of 5% to 6% net revenue due to an earlier than anticipated closing of the Coca-Cola European Partners merger., according to Barclays.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
