Welcome to our dedicated page for Coca-Cola Company news (Ticker: KO), a resource for investors and traders seeking the latest updates and insights on Coca-Cola Company stock.
The Coca-Cola Company (NYSE: KO) is a global leader in the beverage industry, founded in 1886 and headquartered in Atlanta, Georgia. Known worldwide for its flagship product, Coca-Cola, the company also offers an extensive portfolio of over 200 brands. These include carbonated soft drinks, water, sports and energy drinks, juice, and coffee. Iconic brands under its belt include Sprite, Fanta, Powerade, Dasani, and Minute Maid.
Operations and Reach: Coca-Cola operates in more than 200 countries, selling its products through a comprehensive network of bottlers and distributors. The company generates around two-thirds of its total revenue from overseas markets, particularly in emerging economies across Latin America and the Asia-Pacific region.
Recent Achievements and Campaigns:
- Sprite's “Obey Your Thirst” Campaign: Sprite has revived its iconic 'Obey Your Thirst' campaign, featuring star athletes like Anthony Edwards and Sha'Carri Richardson to engage a new generation of consumers. The campaign includes limited-edition packaging, digital experiences, and sports partnerships.
- Fanta’s “Wanta Fanta” Campaign: Fanta has reintroduced its popular 'Wanta Fanta' platform, aiming to connect with younger audiences through nostalgic tunes and a mix of engaging digital content. This includes participation from TikTok creators and out-of-home creative marketing.
Corporate Responsibility: Coca-Cola is committed to making a positive impact on communities and the environment. The company focuses on water replenishment, packaging recycling, sustainable sourcing, and reducing carbon emissions. Together with its bottling partners, Coca-Cola employs over 700,000 people globally, contributing significantly to local economies.
To stay updated on The Coca-Cola Company's latest news and developments, visit www.coca-colacompany.com.
Coca-Cola has launched its first new global platform since 2016, named Real Magic, alongside a fresh campaign titled One Coke Away From Each Other. The platform aims to unite and uplift individuals by celebrating humanity's 'real magic.' Coca-Cola's Chief Marketing Officer, Manolo Arroyo, emphasized the brand’s identity through its new 'Hug' logo, designed to enhance marketing communications. The campaign blends real and virtual experiences, featuring notable gamers and incorporating interactive elements. Activities will commence on Oct. 11, with various prizes available for participants.
Coca-Cola has partnered with Lime to promote recycling through the launch of Sip Sized™ bottles made from 100% recycled plastic. Customers who purchase these bottles can pledge to recycle them and receive free rides on Lime’s electric bikes and scooters. The initiative supports Coca-Cola's goal of reducing new plastic usage by over 20% in North America compared to 2018 and aims to lower greenhouse gas emissions by an estimated 10,000 metric tons annually, equivalent to taking 2,120 cars off the road for a year.
The Coca-Cola Company (NYSE: KO) announced the retirement of director Herbert A. Allen, effective August 18. Allen served for 39 years, making him the longest-serving current board member. His tenure began in 1982, and he provided valuable guidance through various leadership changes, including with recent CEO James Quincey. Coca-Cola now has 11 directors following his retirement.
Allen expressed gratitude for his experiences and the connections made during his time on the board.
The National Restaurant Association Educational Foundation (NRAEF) and Coca-Cola launched the ProStart Virtual Lounge, an interactive platform for aspiring restaurant professionals. This initiative, aimed at ProStart students and alumni, offers resources like recipes, industry insights, and mentorship opportunities. The program, serving 130,000 students across 1,700 schools, has received over $15 million in Coca-Cola support since 2003. A sweepstakes is also available from August 24 to October 18, encouraging registration and interaction among users.
The Coca-Cola Company announced that President Brian Smith and CFO John Murphy will present at the Barclays Global Consumer Staples Conference on Sept. 9 at 10 a.m. ET. Investors can join a webcast of the event via the company's investor page. A downloadable file and transcript will be available within 24 hours post-event. Coca-Cola operates in over 200 countries, offering a range of brands in various beverage categories, including Coca-Cola, Sprite, and Fanta. The company focuses on sustainable practices and community impact.
Coca-Cola has launched its first-ever NFT collectibles to celebrate International Friendship Day on July 30, with all proceeds from the four-day auction benefiting Special Olympics International. The collection, auctioned on OpenSea, includes a Friendship Box NFT, a Bubble Jacket Wearable NFT, a Sound Visualizer NFT, and a Friendship Card NFT, all themed around friendship and sharing. The auction opens at 12:01 a.m. UTC on July 30 and closes at 8 p.m. UTC on August 2.
The Coca-Cola Company reported robust second quarter 2021 results, with net revenues increasing 42% to $10.1 billion. Organic revenues grew 37%, driven by a 26% increase in concentrate sales and an 11% rise in price/mix. Operating margin improved to 29.8%, with EPS rising by 48% to $0.61. The company gained market share in nonalcoholic beverages and witnessed a 18% growth in unit case volume. Positive cash flow of $5.5 billion was achieved, reflecting strong operational performance. The company also announced sustainability initiatives and new product launches.
The Coca-Cola Company has declared a dividend of 42 cents per common share, payable on October 1, 2021, to shareholders of record as of September 15, 2021. Additionally, Saadia Madsbjerg has been elected as corporate vice president, after serving as Vice President of Global Community Affairs and President of The Coca-Cola Foundation. Madsbjerg brings substantial experience from her previous roles at The Rockefeller Foundation and New York City Economic Development Corp., focusing on sustainable development and strategic planning.
The Coca-Cola Company (NYSE: KO) has announced its second quarter 2021 financial results will be released on July 21, before the NYSE opens. An investor conference call will follow at 8:30 a.m. ET to discuss these results. Investors can join the webcast on the company's investor relations website. Coca-Cola operates globally with a wide portfolio of beverage brands, continually innovating and focusing on sustainability.
Coca-Cola North America has announced a plan to increase its spending with minority-owned media companies, aiming to allocate 8% of its total annual media budget by 2024. This decision follows a comprehensive analysis of marketing expenditures, recognizing the need to support an equitable media landscape. Coca-Cola will quintuple its spending with minority-owned media in 2021 compared to 2020, enhancing partnerships with both new and established outlets. Additionally, the company is launching a certification assistance program for minority media partners to foster growth.
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