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.
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.
The Coca-Cola Company reported a strong Q2 2022 with net revenues growing 12% to $11.3 billion and organic revenues increasing 16%. Despite an operating income decline of 22% and EPS falling 28% to $0.44, comparable EPS rose 4% to $0.70, showcasing resilience amid global challenges. The company gained market share in nonalcoholic beverages and reported a unit case volume increase of 8%. However, operating margins decreased to 20.7% from 29.8% in the prior year, primarily due to acquisitions and increased costs.
The Coca-Cola Company announced the retirement of Brian Smith as President and COO, effective October 1. John Murphy, the current CFO, will assume the additional role of President. Murphy has been with the company since 1988 and has overseen various operations including Mergers & Acquisitions and Global Strategy. Smith, who has been with Coca-Cola for 25 years, will remain as a senior executive until February 2023. The company is currently evaluating future plans for the COO role, with operating unit presidents reporting to CEO James Quincey on an interim basis.
The Coca-Cola Company (NYSE: KO) declared a dividend of 44 cents per share, payable on October 3, 2022. Shareowners of record as of the close of business on September 16, 2022 will receive this dividend. Coca-Cola operates in over 200 countries, offering a range of beverages including Coca-Cola, Sprite, and Dasani. The company emphasizes sustainability and community impact while remaining a leading player in the beverage industry.
The Coca-Cola Company (NYSE: KO) has elected Carolyn Everson, former president of Instacart, as a new director. Everson's background includes leadership roles at Facebook and Microsoft, overseeing significant revenue streams and global teams. CEO James Quincey highlighted her vast experience in media and consumer sectors, which is expected to enhance Coca-Cola's strategic direction. Everson holds degrees from Villanova University and Harvard Business School.
The U.S. Global Leadership Coalition (USGLC) has partnered with The Coca-Cola Company (NYSE: KO) to lead the South Initiative through 2023. This program aims to enhance conversations on global development and sustainability in the southern U.S., engaging key stakeholders. With over 95% of consumers outside the U.S., the initiative focuses on supply-chain solutions for American competitiveness. Coca-Cola's role emphasizes its commitment to addressing global challenges through collaboration with leaders across business and community sectors.
O'Charley's Restaurant + Bar, in partnership with Coca-Cola, is launching a summer promotion featuring the new Chicken Tender Nachos for $5 following NASCAR races where Coca-Cola drivers finish in the top 5. The promotion runs from June 13 to September 5 and includes a series of NASCAR Parking Lot Parties at select locations. Additionally, a NASCAR sweepstakes from August 1 to September 4 will offer VIP tickets and other prizes. With 146 locations, O'Charley's emphasizes good food and hospitality while promoting family-friendly activities.
The Coca-Cola Company (NYSE: KO) will report its second quarter 2022 financial results on July 26, before the New York Stock Exchange opens. An investor conference call is scheduled for 8:30 a.m. ET to discuss these results. Investors can join the webcast by visiting www.coca-colacompany.com/investors, where downloadable files and a transcript will be available within 24 hours after the call.
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