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 total beverage company in the soft drink manufacturing industry, with products sold in more than 200 countries and territories. This news page focuses on company announcements that explain how Coca-Cola manages its global brand portfolio, its leadership, and its relationships with bottling partners and major event organizers.
Investors and followers of KO stock can use this feed to review earnings-related updates, such as quarterly results and outlook commentary, which the company reports through press releases and accompanying Form 8-K filings. These disclosures often include information on net revenues, operating income, earnings per share, unit case volume and value share trends across regions and beverage categories.
News from The Coca-Cola Company also covers corporate actions and governance, including CEO succession plans, board appointments and changes in operational leadership. Recent examples include the election of Henrique Braun as future Chief Executive Officer and the election of Max Levchin to the board of directors. Organizational updates related to digital transformation, such as the creation of a Chief Digital Officer role, are another recurring theme.
Readers will also find coverage of strategic transactions and partnerships, including refranchising steps involving bottling operations and agreements to sell stakes in bottlers like Coca-Cola Beverages Africa. In addition, Coca-Cola issues news about global marketing and sponsorship activities, such as the FIFA World Cup Trophy Tour by Coca-Cola, which highlights the company’s role in major sporting events and associated sustainability initiatives. For an ongoing view of how The Coca-Cola Company communicates its strategy, performance and brand activities, this KO news page provides a centralized stream of official releases.
The Coca-Cola Company has acquired BODYARMOR for $5.6 billion, taking full ownership after initially holding a 15% stake since 2018. BODYARMOR, a rapidly growing sports drink brand, is anticipated to enhance Coca-Cola's beverage portfolio significantly.
The brand generated over $1.4 billion in retail sales, growing around 50% annually. BODYARMOR will operate as a distinct entity within Coca-Cola's North American unit, with its leadership team continuing to steer its strategic direction.
The Coca-Cola Company reported robust third-quarter results for 2021, with net revenues rising 16% to $10.0 billion and organic revenues growing 14%. Global unit case volume increased by 6%, and operating income surged 26%. The operating margin reached 28.9%, up from 26.6% in the previous year. Earnings per share rose 41% to $0.57, while comparable EPS grew 18% to $0.65. The company's cash flow from operations stood at $9.2 billion year-to-date, reflecting strong business performance. Coca-Cola also emphasized its commitment to sustainability and innovation in its product offerings.
The Coca-Cola Company (NYSE: KO) has declared a dividend of 42 cents per common share, payable on December 15, 2021, to shareholders of record as of December 1, 2021. This announcement underscores the company's commitment to returning value to its investors.
Coca-Cola operates in over 200 countries, offering a broad range of beverages including major brands like Coca-Cola, Sprite, and Fanta, while focusing on innovation and sustainability.
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Molson Coors Beverage Company announced the launch of the Topo Chico Margarita Hard Seltzer Variety Pack, set to debut in 2022. This follows the brand's successful first year, which led to its expansion across all 50 states starting January 2022. The new pack includes tropical flavors such as Signature Margarita, Tropical Pineapple, Strawberry Hibiscus, and Prickly Pear, each 100 calories with 4.5% ABV. The introduction aims to attract new drinkers and enhance the hard seltzer category, building on the brand's previous four-flavor offering.
The Coca-Cola Company (NYSE: KO) will release its third quarter 2021 financial results on October 27 before the market opens. An investor conference call is scheduled for 8:30 a.m. ET to discuss the results. Investors can join the call via webcast at www.coca-colacompany.com/investors. Earnings call audio and a transcript will be available within 24 hours post-call. Coca-Cola operates in over 200 countries, offering a diverse range of beverage brands.
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.