Coca Cola Co Stock Price, News & Analysis

The Coca-Cola Company (NYSE: KO) announced that Chairman and CEO James Quincey will present at the Morgan Stanley Global Consumer & Retail Conference in New York on Dec. 3 at 11 a.m. ET. Investors can access the webcast at coca-colacompany.com/investors, with downloadable files and transcript available within 24 hours after the event. The company operates in over 200 countries, managing multiple billion-dollar beverage brands including Coca-Cola, Sprite, Fanta, Dasani, BODYARMOR, Costa, and Minute Maid. Together with bottling partners, they employ more than 700,000 people globally.

The Coca-Cola Company has announced organizational changes effective Jan. 1, 2025, where Costa Coffee and innocent Drinks will report to the company's Europe operating unit. Costa will remain a stand-alone business, while its ready-to-drink operations outside Europe will report through local operating units. Dogadan, a Turkish tea business, will report to Costa's retail business in Europe. The company's investment in Monster Beverage Corp oversight will move to President and CFO John Murphy. The Global Ventures group, established in 2019, will be sunset as part of this reorganization, with financial data for 2022-2024 being recast and made available in early 2025.

The Coca-Cola Company (NYSE: KO) announces the regional relaunch of Barrilitos, a Mexican soft drink brand from 1938, in California and Texas. The beverage, produced and imported from Mexico, features four flavors: Mandarina, Manzana, Piña, and Ponche de Frutas, available in 12oz glass bottles and 1.5L PET bottles. Made with fruit flavors and cane sugar, Barrilitos targets multicultural Gen Z, Millennials, and families. Distribution will be managed by Reyes Coca-Cola Bottling in California and Southern Nevada, and Coca-Cola Southwest Beverages in Texas and Oklahoma.

Coca-Cola (KO) reported mixed Q3 2024 results with a 1% decline in net revenues to $11.9 billion, while organic revenues grew 9%. Global unit case volume declined 1%, with EPS falling 7% to $0.66. The company's operating margin decreased to 21.2% from 27.4% year-over-year, primarily due to a $919 million charge related to the fairlife acquisition. Despite challenges, comparable EPS grew 5% to $0.77.

The company gained value share in total nonalcoholic ready-to-drink beverages, with Coca-Cola Zero Sugar growing 11%. Cash flow from operations was $2.9 billion, impacted by a $6.0 billion IRS tax litigation deposit.

The Coca-Cola Company (NYSE: KO) has announced the election of Bela Bajaria, Chief Content Officer for Netflix Inc., to its Board of Directors. This brings the board to 12 members. Bajaria, who oversees all television and film content for Netflix globally with a budget of about $17 billion annually, is expected to provide valuable perspective on global business and marketing strategies.

In addition, Coca-Cola has declared a regular quarterly dividend of 48.5 cents per common share, payable on Dec. 16 to shareowners of record as of Nov. 29. The company reaffirmed its commitment to refreshing the world and making a difference through its diverse portfolio of beverage brands and sustainable practices.

The Coca-Cola Company (NYSE: KO) has announced the timing for its third quarter 2024 financial results release. The company will disclose the results on October 23, 2024, before the New York Stock Exchange opens. This will be followed by an investor conference call at 8:30 a.m. ET to discuss the outcomes.

Investors are invited to join a webcast of the call at www.cocacolacompany.com/investors. Downloadable files and a transcript will be available within 24 hours after the call on the company's website. The Coca-Cola Company is a global beverage giant with products sold in over 200 countries, offering a diverse portfolio of brands across various categories including sparkling soft drinks, water, sports drinks, coffee, tea, juice, and plant-based beverages.

The Coca-Cola Company and Bacardi have announced a partnership to launch BACARDÍ Mixed with Coca-Cola, a ready-to-drink (RTD) pre-mixed cocktail. The product is set to debut in select European markets and Mexico in 2025. This collaboration brings together two iconic brands, combining the world's most-awarded rum with the most popular soft drink.

The new RTD cocktail builds on the historic Cuba Libre, invented in 1900 using BACARDÍ rum, Coca-Cola, and lime. The global alcohol by volume (ABV) benchmark is set at 5%, though it may vary by market. Both companies emphasize their commitment to responsible marketing practices and clear labeling for legal drinking age consumers.

7-Eleven, Inc. has introduced a new -time Slurpee® drink flavor: Coca-Cola® OREO™ Zero Sugar, available at participating 7-Eleven®, Speedway®, and Stripes® stores nationwide. This innovative flavor combines the classic taste of Coca-Cola® with OREO® cookie-inspired hints, coinciding with Coca-Cola® and OREO's® upcoming launch of two -time treats.

To celebrate this collaboration, a Dallas-area 7-Eleven store will host 'The Besties Restie Stop' on September 14, 2024, from 2 p.m. to 10 p.m., offering tastings and -edition Slurpee collectibles. Customers nationwide can also have Slurpee drinks delivered through the 7NOW® Delivery app, available on App Store and Google Play.

The Coca-Cola Company (NYSE: KO) has announced that John Murphy, President and CFO, and Henrique Braun, EVP and President of International Development, will present at the Barclays Global Consumer Staples Conference in Boston on September 5 at 11:15 a.m. ET. Investors can join the webcast at coca-colacompany.com/investors, with downloadable files and a transcript available within 24 hours after the event.

Coca-Cola is a global beverage company with products sold in over 200 countries. Its portfolio includes billion-dollar brands across various categories, such as Coca-Cola, Sprite, Fanta, Dasani, BODYARMOR, Costa, and Minute Maid. The company focuses on portfolio transformation, sustainability, and positive community impact, employing over 700,000 people worldwide with its bottling partners.