Coke Doesn't Lose Fizz in Tough Times

By: Associated Press
By: Associated Press

Coca-Cola's chief executive says the world's largest beverage maker sees a chance to increase its market share during the economic slowdown and doesn't plan to waste the opportunity.

Muhtar Kent tells shareholders at the company's annual meeting on Wednesday that Coca-Cola is poised to grow in tough economic times, as it did during the Great Depression.

He says the Atlanta-based business sees opportunities in pushing its top brands like Coca-Cola in emerging markets like China and in ones where it has solid footing, such as the U.S. and Mexico.

Kent says it's possible Coca-Cola Co. will miss its long-term growth targets a quarter or two this year. But he vowed that the company is committed to meeting or exceeding those targets over time.

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