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 (NYSE: KO) is a total beverage company in the soft drink manufacturing industry, with products sold in more than 200 countries and territories. This news page focuses on company announcements that explain how Coca-Cola manages its global brand portfolio, its leadership, and its relationships with bottling partners and major event organizers.
Investors and followers of KO stock can use this feed to review earnings-related updates, such as quarterly results and outlook commentary, which the company reports through press releases and accompanying Form 8-K filings. These disclosures often include information on net revenues, operating income, earnings per share, unit case volume and value share trends across regions and beverage categories.
News from The Coca-Cola Company also covers corporate actions and governance, including CEO succession plans, board appointments and changes in operational leadership. Recent examples include the election of Henrique Braun as future Chief Executive Officer and the election of Max Levchin to the board of directors. Organizational updates related to digital transformation, such as the creation of a Chief Digital Officer role, are another recurring theme.
Readers will also find coverage of strategic transactions and partnerships, including refranchising steps involving bottling operations and agreements to sell stakes in bottlers like Coca-Cola Beverages Africa. In addition, Coca-Cola issues news about global marketing and sponsorship activities, such as the FIFA World Cup Trophy Tour by Coca-Cola, which highlights the company’s role in major sporting events and associated sustainability initiatives. For an ongoing view of how The Coca-Cola Company communicates its strategy, performance and brand activities, this KO news page provides a centralized stream of official releases.
The Coca-Cola Company reported strong first quarter 2023 results, showcasing a 5% increase in net revenues to
Despite challenges, operating margin stood at 30.7%, reflecting a decline from 32.5% in the prior year, mainly due to currency headwinds and marketing expenses. Earnings per share (EPS) grew 12% to
Frutura has entered a licensing agreement with The Coca-Cola Company (KO), marking the first time Coca-Cola has licensed its brands for fresh produce. Frutura will utilize the Minute Maid and Simply brands, specifically through its partner Dayka & Hackett (D&H). The Simply Select brand will be applied to D&H's fresh citrus, while Minute Maid will be used for D&H’s grapes in both the United States and Japan. The partnership aims to enhance D&H's existing product lineup and is expected to launch in the second quarter of 2023. Frutura emphasizes the quality control in the supply chain, aiming to resonate with discerning consumers and increase market penetration with these well-known brands.
On March 30, 2023, Jack Daniel's and Coca-Cola launched their first ready-to-drink (RTD) cocktail, the Jack Daniel's & Coca-Cola, in the U.S. This pre-mixed beverage combines Jack Daniel's Tennessee Whiskey and Coca-Cola, echoing a globally popular cocktail. Initially introduced in Mexico, the U.S. version has a 7% ABV and retails at $12.99 per 4-pack. A Coca-Cola Zero-Sugar variant will be available in May. The collaboration aims to innovate while providing consumers with a convenient format for a classic drink, adhering to responsible marketing practices.
The Coca-Cola Company (NYSE: KO) plans to release its first quarter 2023 financial results on April 24 before the New York Stock Exchange opens. Following the announcement, an investor conference call will be held at 8:30 a.m. ET to discuss the results. Investors are invited to join via a webcast accessible through the company's investor relations page. Coca-Cola operates a diverse portfolio in over 200 countries, featuring iconic brands such as Coca-Cola, Sprite, and Dasani. The company emphasizes sustainability and community impact, aiming to refresh the world and improve lives.
Vitaminwater has introduced two new flavors, ‘with love’ and ‘forever you’, expanding its zero sugar lineup. These new offerings feature a reformulated, sweetener blend of monk fruit and stevia, along with added vitamins and nutrients. ‘With love’ is infused with raspberry and dark chocolate and contains magnesium, while ‘forever you’ offers tropical coconut lime flavors with white curcumin. Both flavors provide essential vitamins like B3, B5, B6, B12, and antioxidants.
Available nationwide, these innovations support the brand’s “Nourish Every You” campaign, building on their partnership with Lil Nas X and engaging consumers through creative marketing.
Bain & Company has formed a global services alliance with OpenAI, making Coca-Cola the first client to engage in this collaboration. The partnership aims to leverage OpenAI's advanced AI technologies to enhance Bain's strategic and digital delivery capabilities. Bain has integrated OpenAI tools into its operations, demonstrating improved efficiency for its team. Specific initiatives include developing next-gen contact centers, personalized marketing strategies, and enhanced productivity tools for financial advisors. Coca-Cola's ambitious plans to adopt these technologies signify a transformative step in leveraging AI for business improvements.
Costa Coffee has appointed Philippe Schaillee as CEO, effective April 10, 2023. Schaillee previously served as executive vice president at Groupe SEB, overseeing Products and Innovation since April 2021. His career includes notable roles at Sara Lee Group and Jacob Douwe Egberts (JDE) Group. He succeeds Jill McDonald and will report to Evguenia Stoichkova, president of Global Ventures for The Coca-Cola Company (KO). Schaillee expressed enthusiasm about joining Costa, noting its rich heritage. The company, founded in 1971, boasts over 2,800 coffee shops in the UK and over 1,100 globally.
The Coca-Cola Company (KO) announced that Amity Millhiser has been nominated for election to its Board of Directors at the Annual Meeting in April. If elected, she will join effective July 1, following her retirement from PwC on June 30. Coca-Cola also declared a 4.6% increase in its quarterly dividend, raising it from 44 cents to 46 cents per share, which will be payable on April 3 to shareholders of record as of March 17. This marks the company's 61st consecutive annual dividend increase, with a total payout of $7.6 billion in dividends to shareholders in 2022 and $76.8 billion since 2010.
The Coca-Cola Company reported fourth-quarter results showing net revenues of $10.1 billion, a 7% increase, while full-year revenues grew 11% to $43.0 billion. Organic revenues rose by 15% in Q4 and 16% for the year. Operating income increased 24% for the quarter but just 6% for the full year. EPS declined by 16% to $0.47 for the quarter but grew 7% on a comparable basis for the year. Cash flow from operations fell 13% to $11.0 billion. Despite a 1% decline in unit case volume for Q4, the company gained market share in nonalcoholic beverages, notably in developing markets.
The Coca-Cola Company (NYSE: KO) will announce its fourth quarter and full-year 2022 financial results on February 14, 2023, before NYSE trading starts. Following this, an investor conference call is scheduled for 8:30 AM ET. Additionally, Chairman and CEO James Quincey and CFO John Murphy will present at the Consumer Analyst Group of New York (CAGNY) Conference on February 21, 2023, at 10 AM ET in Boca Raton, Florida. Webcasts for both events will be available on their investor relations website.
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