Coca-Cola (KO) might like to own tea company Snapple. So says Coke’s CEO.
Reuters writes: "Snapple, which sells flavored teas, lemonades and juice drinks, is one of the world’s largest bottled tea brands, ahead of Coke’s entire tea portfolio which includes Nestea, Gold Peak and recently acquired Fuze, according to recent Beverage Digest data."
Coke could use a lift. Over the last two years, its shares have underperformed the broader market, and are up about 25%. Shares in Cadbury Schweppes, which owns Snapple now, are up about 40%.
Maybe Snapple brings good luck to its owner.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
