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.
Carlos Pagoaga, a 34-year Coca-Cola veteran, will be named Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga brings extensive experience and will oversee all Foundation operations. His appointment is subject to formal board approval.
The Coca-Cola Company announced the election of new corporate officers and the declaration of the regular quarterly dividend. Brenda Hofmann was elected senior VP and chief of internal audit, Leonardo Zei as VP of strategic ingredient supply, Derek Benz as senior VP and CISO, and Ellie May as chief accounting officer. The company also declared a regular quarterly dividend of 48.5 cents per common share.
Coca-Cola reported positive growth in global unit case volume and net revenues in the first quarter of 2024. Despite a decline in operating income, the company saw growth in EPS and market share. The company introduced new products and continued to drive digital capabilities to enhance consumer engagement. Coca-Cola also updated its trademark offerings and expanded distribution in various regions. While the company faced challenges in certain markets, it remains optimistic about sustained success.
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