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 (NYSE: KO) will release its fourth quarter and full year 2020 financial results on Feb. 10, 2021, before the NYSE opens. Following this, an investor conference call will take place at 8:30 a.m. ET. Furthermore, Chairman and CEO James Quincey along with CFO John Murphy will present at the Consumer Analyst Group of New York (CAGNY) Virtual Conference on Feb. 19, 2021, at 10:40 a.m. ET. Both the earnings webcast and CAGNY presentation can be accessed on Coca-Cola's investor website.
The Coca-Cola Company announced the appointment of J. Michael Luttig as a counselor and special advisor to the company and its board of directors, effective January 6. Luttig will focus on advising the company regarding ongoing tax litigation with the U.S. Internal Revenue Service, where Coca-Cola intends to defend its position vigorously. Judge Luttig, a former U.S. federal judge and general counsel for Boeing, emphasized the unfairness of retroactive tax increases being imposed on the company, which had previously adhered to IRS-approved methodologies for calculating taxes.
The Coca-Cola Company announced that Executive Vice President and CFO John Murphy will speak at the Morgan Stanley Global Consumer & Retail Conference on December 3 at 2 p.m. ET. Investors can join a webcast of the event at www.coca-colacompany.com/investors. A transcript and downloadable file will be available within 24 hours post-event. Coca-Cola operates globally with a diverse beverage portfolio, focusing on sustainability and community impact.
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The Coca-Cola Company reported its Q3 2020 results, revealing a 9% decline in net revenues to $8.7 billion, with organic revenues down 6%. Concentrate sales fell by 4%, and earnings per share decreased by 33% to $0.40. Despite challenges due to the pandemic, the company noted improved trends compared to previous quarters. Operating margin improved to 30.4% due to cost management. The company is undergoing strategic changes, reducing its brand portfolio by 50% and launching new products like Topo Chico Hard Seltzer. However, uncertainty remains regarding the pandemic's ongoing impact.
The Coca-Cola Company has declared a regular quarterly dividend of 41 cents per common share. This dividend will be paid on December 15, 2020, to shareholders recorded as of the close of business on December 1, 2020. The company continues to evolve its extensive portfolio, offering over 500 brands globally while focusing on reducing sugar and environmental impacts.
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The Coca-Cola Company has donated $1.5 million to the National Restaurant Association Educational Foundation (NRAEF) to support future restaurant leaders. This contribution brings Coca-Cola's total donations to the NRAEF over the past 18 years to $15 million. The funding benefits the ProStart program, which aids 150,000 high school students in culinary and management careers. Additionally, Coca-Cola provided internships and supported initiatives like the Restaurant Employee Relief Fund, which distributed $21.5 million in aid during the pandemic.