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 fourth quarter and full year 2021 financial results on February 10 before the NYSE opens. An investor conference call will follow at 8:30 a.m. ET. Additionally, CEO James Quincey and CFO John Murphy are set to present at the Consumer Analyst Group of New York (CAGNY) Virtual Conference on February 22 at 1:50 p.m. ET. Investors can access a webcast of the call and presentations via the company’s investor relations website.
The Coca-Cola Company (NYSE: KO) announced the election of Herbert A. Allen III as a director, effective December 17. Allen, president of Allen & Co. for nearly two decades, has substantial experience in financial advisory and investment banking. He is the son of former director Herbert A. Allen Jr., who retired after 39 years. The board now has 12 directors, and Allen will seek reelection at the annual meeting in April 2022. James Quincey, Chairman and CEO, stated that Allen's expertise will enhance the board's knowledge base and perspective.
The Coca-Cola Company (NYSE: KO) has announced that Chairman and CEO James Quincey will participate in the Redburn CEO Conference on December 1 at 11 a.m. ET. Investors can join the webcast of the event at www.coca-colacompany.com/investors. A downloadable file and transcript will be available within 24 hours after the event.
The Coca-Cola Company operates globally, focusing on refreshing beverages and sustainability.
The Coca-Cola Company has appointed WPP as its Global Marketing Network Partner to advance a consumer-centric marketing model aimed at driving long-term growth across its brands in over 200 countries. The new integrated agency model, designed by CMO Manolo Arroyo, emphasizes a seamless connection between creative ideas and consumer experiences, supported by data insights. Key elements of this model include the Global Marketing Network Partner, Complementary Media Partner Dentsu, a Strategic Roster of approved agencies, and a unified data platform, all set to enhance marketing effectiveness and efficiency.
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.