Coca Cola Co Stock Price, News & Analysis

The Coca-Cola Company reported strong Q3 2022 results with net revenues increasing 10% to $11.1 billion and organic revenues growing 16%. Operating income rose 7%, while EPS grew 14% to $0.65. Despite these gains, the comparable operating margin decreased to 29.5% from 30% the prior year due to higher operating costs and marketing investments. Unit case volume grew 4%, driven by away-from-home channel strength. However, cash flow from operations declined by $1.2 billion year-to-date. The company remains focused on expanding its brand portfolio and addressing evolving consumer preferences.

The Coca-Cola Company (NYSE: KO) announced the election of three new corporate officers and declared a quarterly dividend of 44 cents per common share, payable on December 15, 2022, to shareholders on record as of December 1, 2022.

The new officers include Felix Poh (VP of Strategy and Corporate Development), Neeraj Tolmare (Global CIO), and Mark Westfall (Chief Services Officer), effective immediately. Their leadership is expected to enhance strategic capabilities and digital innovation within the company.

Brag House has announced a FIFA 23 tournament in partnership with Coca-Cola and McDonald’s for 16 Southern California schools. The competition starts on October 18, 2022, with finals taking place on November 5 at LA Live in Downtown Los Angeles. Over 60 students will compete, aiming for cash prizes of $1000 for the winner and $300 for the second place. The event emphasizes fan engagement through in-play giveaways and will be streamed live, showcasing the fusion of gaming and community interaction.

The Coca-Cola Company (NYSE: KO) will release its third quarter 2022 financial results on October 25 before the market opens. An investor conference call is scheduled for 8:30 a.m. ET to discuss these results. Investors can join a webcast at www.coca-colacompany.com/investors, with downloadable files and a transcript available within 24 hours. The company emphasizes its status as a total beverage company, selling products in over 200 locations globally.

Molson Coors Beverage Company has announced the expansion of its exclusive agreement with The Coca-Cola Company to launch Topo Chico Spirited, a new line of spirit-based, ready-to-drink cocktails, set to debut in 2023. This initiative follows the successful launch of Topo Chico Hard Seltzer, which is currently the fastest-growing brand in its category. The new cocktails will include 100% real spirits, aiming to capture popular flavors from bars and restaurants across the U.S. Topo Chico Spirited will launch in over 20 markets, enhancing Molson Coors' above-premium product portfolio.

Evguenia Stoichkova has been appointed as the new president of Global Ventures at NYSE:KO, effective January 1, 2023. She transitions from her role as president of the Eurasia & Middle East operating unit, where she served since 2021. Sedef Salingan Sahin will succeed Stoichkova in her previous position, starting on the same date. This move aims to enhance the company's focus on global brand expansion, including key acquisitions like Costa Coffee and investments in Monster Beverage Corp..

The Coca-Cola Company (NYSE: KO) announced that Barry Simpson will step down as chief Platform Services officer on September 30. He will continue as a senior advisor until February 2023. Simpson has been instrumental in establishing the Platform Services organization since its inception in 2021. Following his departure, the organization will be restructured under two leaders, with Neeraj Tolmare appointed as chief information officer effective October 1. CEO James Quincey praised Simpson for his significant contributions during his 14-year career with the company.

The Coca-Cola Company has announced that Jennifer Mann will take over as president of the North America operating unit effective January 1, 2023, succeeding Alfredo Rivera, who is stepping down on December 31, 2022, after 38 years with the company. Rivera will remain as a senior advisor until March 2023. Mann, currently the president of Global Ventures, has been with Coca-Cola since 1997 and has held various leadership roles, indicating a strong succession plan within the company.

The Coca-Cola Company (NYSE: KO) announced that Chairman and CEO James Quincey will present on Sept. 8 at 10:30 a.m. ET during the Barclays Global Consumer Staples Conference. Investors can join via webcast at www.coca-colacompany.com/investors. A downloadable file and transcript will be accessible within 24 hours post-event. Coca-Cola operates in over 200 countries, offering products like Coca-Cola, Sprite, Fanta, and Dasani, while focusing on sustainability practices across its beverage portfolio.