Welcome to our dedicated page for Coca Cola Co news (Ticker: KO), a resource for investors and traders seeking the latest updates and insights on Coca Cola Co stock.
The Coca-Cola Company (KO) news hub provides investors and stakeholders with authoritative updates on this global beverage leader. Track official press releases, financial disclosures, and strategic developments from the world's largest nonalcoholic drink producer.
This centralized resource features verified information about earnings reports, product innovations, sustainability initiatives, and bottling partnerships. Access timely updates on KO's operations across 200+ countries, including market expansions, leadership changes, and responses to evolving consumer trends.
Our curated news collection enables informed analysis of Coca-Cola's diversified portfolio strategy and global distribution network. Monitor developments across key categories including sparkling soft drinks, hydration products, and emerging beverage segments.
Bookmark this page for direct access to KO's latest regulatory filings, dividend announcements, and partnership updates. Combine historical context with real-time developments to better understand this iconic company's market position.
The Coca-Cola Company reported a strong Q2 2022 with net revenues growing 12% to $11.3 billion and organic revenues increasing 16%. Despite an operating income decline of 22% and EPS falling 28% to $0.44, comparable EPS rose 4% to $0.70, showcasing resilience amid global challenges. The company gained market share in nonalcoholic beverages and reported a unit case volume increase of 8%. However, operating margins decreased to 20.7% from 29.8% in the prior year, primarily due to acquisitions and increased costs.
The Coca-Cola Company announced the retirement of Brian Smith as President and COO, effective October 1. John Murphy, the current CFO, will assume the additional role of President. Murphy has been with the company since 1988 and has overseen various operations including Mergers & Acquisitions and Global Strategy. Smith, who has been with Coca-Cola for 25 years, will remain as a senior executive until February 2023. The company is currently evaluating future plans for the COO role, with operating unit presidents reporting to CEO James Quincey on an interim basis.
The Coca-Cola Company (NYSE: KO) declared a dividend of 44 cents per share, payable on October 3, 2022. Shareowners of record as of the close of business on September 16, 2022 will receive this dividend. Coca-Cola operates in over 200 countries, offering a range of beverages including Coca-Cola, Sprite, and Dasani. The company emphasizes sustainability and community impact while remaining a leading player in the beverage industry.
The Coca-Cola Company (NYSE: KO) has elected Carolyn Everson, former president of Instacart, as a new director. Everson's background includes leadership roles at Facebook and Microsoft, overseeing significant revenue streams and global teams. CEO James Quincey highlighted her vast experience in media and consumer sectors, which is expected to enhance Coca-Cola's strategic direction. Everson holds degrees from Villanova University and Harvard Business School.
The U.S. Global Leadership Coalition (USGLC) has partnered with The Coca-Cola Company (NYSE: KO) to lead the South Initiative through 2023. This program aims to enhance conversations on global development and sustainability in the southern U.S., engaging key stakeholders. With over 95% of consumers outside the U.S., the initiative focuses on supply-chain solutions for American competitiveness. Coca-Cola's role emphasizes its commitment to addressing global challenges through collaboration with leaders across business and community sectors.
O'Charley's Restaurant + Bar, in partnership with Coca-Cola, is launching a summer promotion featuring the new Chicken Tender Nachos for $5 following NASCAR races where Coca-Cola drivers finish in the top 5. The promotion runs from June 13 to September 5 and includes a series of NASCAR Parking Lot Parties at select locations. Additionally, a NASCAR sweepstakes from August 1 to September 4 will offer VIP tickets and other prizes. With 146 locations, O'Charley's emphasizes good food and hospitality while promoting family-friendly activities.
The Coca-Cola Company (NYSE: KO) will report its second quarter 2022 financial results on July 26, before the New York Stock Exchange opens. An investor conference call is scheduled for 8:30 a.m. ET to discuss these results. Investors can join the webcast by visiting www.coca-colacompany.com/investors, where downloadable files and a transcript will be available within 24 hours after the call.
smartwater has appointed Zendaya as its new global brand ambassador, enhancing its campaign titled ‘Keeping It Smart.’ The initiative, launching on June 21 in the U.S., will spotlight individuals defining ‘smart’ in their terms and support community water programs. Zendaya aims to improve water access starting in her hometown of Oakland, California, in partnership with the Global Water Challenge (GWC). The campaign reflects a commitment to hydration and aims to better water quality for communities. Since 2010, The Coca-Cola Company has positively impacted over 18.5 million people with clean water access efforts.
The Coca-Cola Company (NYSE: KO) has announced a delay in plans to publicly list Coca-Cola Beverages Africa (CCBA). Initially disclosed in April 2021, this decision aligns with the company's focus on brand development and innovation. The timing of the IPO will depend on macroeconomic conditions, and plans for CCBA to operate as an independent public company remain unchanged. CCBA is the largest Coca-Cola bottling partner in Africa, accounting for over 40% of Coca-Cola products sold on the continent.
Brown-Forman Corporation (BF.A, BF.B) and The Coca-Cola Company (KO) have announced a global partnership to launch a ready-to-drink (RTD) version of the classic Jack & Coke cocktail. This innovative product will combine Jack Daniel’s Tennessee Whiskey and Coca-Cola, aimed at providing convenience and consistency to consumers. The RTD is set to debut in Mexico in late 2022, with plans for a wider rollout. Both companies emphasize responsible marketing and adherence to legal drinking age guidelines in their promotional efforts.
