Coca-Cola's Refranchising Effort Shows Early Signs of Success

After several quarters of steady deal-making, The Coca-Cola Company (NYSE: KO) can see the finish line in its goal of selling nearly all of its bottling operations to bottling partners.

The company currently has every remaining U.S. bottling territory either under sale agreement or letter of intent to be sold. In the meantime, Coca-Cola continues to complete refranchising transactions with joint-venture partners and independent bottlers everywhere from China to the African continent.

Related changes to the company's profit and loss statement are gradually working their way through with each passing quarter. Let's look at some early quantitative and qualitative effects of Coke's big strategy shift.

Source: Fool.com