Beverage Companies Face Watered-Down Industry Trends

Anyone searching for insight into the state of the nonalcoholic beverage industry should take a gander at last month's earnings from Coca-Cola, the global soft-drink giant that finds itself awash in challenges. On the bright side, Coca-Cola (KO) beat consensus earnings and sales estimates when it reported second-quarter results on July 22. The bad news: It still logged lower year-over-year revenue and EPS, even as the maker of Coke, Sprite, Fanta

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