Coca-Cola has a ‘right’ to compete in the alcohol industry, CFO says

Coca-Cola is moving beyond the experimentation stage when it comes to ready-to-drink alcohol. “There is a lot of white space out there [in alcohol],” Coca-Cola CFO John Murphy said on Yahoo Finance Live. “We believe that we have a right to both compete and to play in that space, and we are exploring. We are exploring in a number of areas.”