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 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.
McDonald's is set to reintroduce the beloved Hi-C Orange Lavaburst to its menu nationwide this summer, following numerous requests from fans since its removal in 2017. The drink will first appear in select locations this month. Customers can track its availability via the Hi-C Orange tracker. This non-carbonated beverage, originally launched in 1955, will complement the existing Fanta Orange drink. McDonald's cited strong consumer demand through social media and petitions as a major factor in the decision to bring back this fan favorite.
The Coca-Cola Company reported Q4 and full-year 2020 results showing a 5% decline in net revenues to $8.6 billion for Q4 and an 11% decline to $33.0 billion for the year. Operating margins improved, with Q4 margins at 27.2% compared to 23.9% the previous year, driven by cost management. EPS fell 29% to $0.34 for Q4, while comparable EPS rose 6% to $0.47. The company anticipates challenges in the near term due to the pandemic but aims for recovery and growth in 2021, reinstating guidance. Additionally, a tax reserve of $438 million was recorded amid ongoing IRS litigation.
The Coca-Cola Company has unveiled a new 13.2oz bottle made from 100% recycled plastic (rPET), starting its launch in select U.S. states including Florida and California. This initiative, part of the company's move towards sustainability, aims to reduce new plastic usage by over 20% by 2022 compared to 2018 levels. Alongside Coca-Cola, brands like DASANI and smartwater will also transition to 100% rPET bottles. This change is expected to decrease greenhouse gas emissions by 10,000 metric tons annually, equivalent to removing over 2,100 cars from the road.
The Coca-Cola Company (NYSE: KO) will release its fourth quarter and full year 2020 financial results on Feb. 10, 2021, before the NYSE opens. Following this, an investor conference call will take place at 8:30 a.m. ET. Furthermore, Chairman and CEO James Quincey along with CFO John Murphy will present at the Consumer Analyst Group of New York (CAGNY) Virtual Conference on Feb. 19, 2021, at 10:40 a.m. ET. Both the earnings webcast and CAGNY presentation can be accessed on Coca-Cola's investor website.
The Coca-Cola Company announced the appointment of J. Michael Luttig as a counselor and special advisor to the company and its board of directors, effective January 6. Luttig will focus on advising the company regarding ongoing tax litigation with the U.S. Internal Revenue Service, where Coca-Cola intends to defend its position vigorously. Judge Luttig, a former U.S. federal judge and general counsel for Boeing, emphasized the unfairness of retroactive tax increases being imposed on the company, which had previously adhered to IRS-approved methodologies for calculating taxes.
The Coca-Cola Company announced that Executive Vice President and CFO John Murphy will speak at the Morgan Stanley Global Consumer & Retail Conference on December 3 at 2 p.m. ET. Investors can join a webcast of the event at www.coca-colacompany.com/investors. A transcript and downloadable file will be available within 24 hours post-event. Coca-Cola operates globally with a diverse beverage portfolio, focusing on sustainability and community impact.
The Coca-Cola Company reported its Q3 2020 results, revealing a 9% decline in net revenues to $8.7 billion, with organic revenues down 6%. Concentrate sales fell by 4%, and earnings per share decreased by 33% to $0.40. Despite challenges due to the pandemic, the company noted improved trends compared to previous quarters. Operating margin improved to 30.4% due to cost management. The company is undergoing strategic changes, reducing its brand portfolio by 50% and launching new products like Topo Chico Hard Seltzer. However, uncertainty remains regarding the pandemic's ongoing impact.
The Coca-Cola Company has declared a regular quarterly dividend of 41 cents per common share. This dividend will be paid on December 15, 2020, to shareholders recorded as of the close of business on December 1, 2020. The company continues to evolve its extensive portfolio, offering over 500 brands globally while focusing on reducing sugar and environmental impacts.
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