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 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.
Summary not available.
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.
Summary not available.
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.