Welcome to our dedicated page for Coca Cola news (Ticker: KO), a resource for investors and traders seeking the latest updates and insights on Coca Cola stock.
The Coca-Cola Company reports developments for a global nonalcoholic beverage business built around sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages. Its portfolio includes Coca-Cola, Sprite, Fanta, Dasani, smartwater, Topo Chico, BODYARMOR, Powerade, Costa, Minute Maid, Simply and fairlife, with products sold in more than 200 countries and territories through bottling and distribution partners.
Company news commonly covers quarterly results and guidance, brand innovation, pack and channel strategy, global marketing partnerships, dividend actions, officer appointments and board governance. Updates also reference portfolio changes such as lower-sugar drinks, new product launches, packaging initiatives, water replenishment, recycling and other value-chain sustainability programs.
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.
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.