Coca-Cola Co. is spending an additional $10 billion into its U.S. business, with most of the money going toward increasing production capacity between now and 2030. The beverage giant, whose brands include Coke and Sprite, already has a large U.S. footprint, and the company said the investment reflects its motivation to spend at home rather than merely preserve what it has. Investors did not celebrate the news, with shares trading lower Tuesday afternoon. The payoff will take time, and the question now is what Coca-Cola does with the money and whether the expenditure delivers another leg of growth in a market it has dominated for decades.
The Coca-Cola CompanyCoca-Cola is investing an additional $10 billion in its U.S. business through 2030, mostly to expand production capacity.
