3 billion (Fortune 500).
As regards Coke, decline has not been solely to recession but due primarily to the fact that the public has come to largely desire healthier, sugar-free, and more 'natural' beverages such as bottled water and tea as well as pure fruit juices. Health is the current market's concern. The carbonated soft drink industry does not project that image, even though they may attempt to redefine themselves.
Hewlett-Packard has been affected by the recession firing nearly 25,000 employees, reducing salaries and demonstrating a 13% decline in earnings for its first fiscal quarter of 2009. Max Hurd was CEO then, and apparently the recession affected his job for he too was laid off to be replaced by Leo Apotheker who vowed to turn the impact of the recession on HP around (Computerworld)
CVS suffered greatly by the recession scoring losses that plummeted 17% below their original 2008 high and still have not returned to their former glory.
What is the overall economic health of some of the companies in the industry, as revealed by their financial statements?
Wal-Mart's revenues were $408, 214 millions; their profits $14, 335, and their assets $170, 706
Revenues of Hewlett-Packard...
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