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The Coca-Cola Company (KO) news hub provides investors and stakeholders with authoritative updates on this global beverage leader. Track official press releases, financial disclosures, and strategic developments from the world's largest nonalcoholic drink producer.
This centralized resource features verified information about earnings reports, product innovations, sustainability initiatives, and bottling partnerships. Access timely updates on KO's operations across 200+ countries, including market expansions, leadership changes, and responses to evolving consumer trends.
Our curated news collection enables informed analysis of Coca-Cola's diversified portfolio strategy and global distribution network. Monitor developments across key categories including sparkling soft drinks, hydration products, and emerging beverage segments.
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Coca-Cola Company (KO) reported its Q2 2024 results with a 2% increase in global unit case volume and a 3% rise in net revenues to $12.4 billion. Organic revenues grew by 15%, driven by a 9% increase in price/mix and a 6% growth in concentrate sales. Operating income rose 10%, with a comparable currency-neutral operating income increase of 18%. The operating margin improved to 21.3%, up from 20.1% the previous year. However, EPS declined by 5% to $0.56, though comparable EPS grew by 7% to $0.84. Cash flow from operations decreased by $516 million to $4.1 billion, and free cash flow fell by $693 million to $3.3 billion.
Geographically, unit case volume was stable in developed markets but saw mid-single-digit growth in developing and emerging markets, notably in India, Brazil, and the Philippines. Coca-Cola Zero Sugar grew by 6%, and Powerade volume increased by 6% in the quarter. CEO James Quincey expressed confidence in the company's ability to meet its raised 2024 guidance and long-term objectives.
Burger King is set to launch a new Fiery Menu nationwide in the U.S. on July 18, 2024, featuring five spicy items with varying levels of heat. The new menu includes Fiery Strawberry & Sprite® (Spice Level 1), Fiery Mozzarella Fries (Spice Level 2), Fiery Bacon Whopper (Spice Level 3), Fiery Chicken Fries (Spice Level 4), and the Fiery Royal Crispy Chicken Sandwich (Spice Level 5). Each item offers a unique blend of flavors catering to spice enthusiasts. Additionally, Burger King will offer Hidden Valley Ranch® dip cups to complement the new Fiery items. The Fiery Menu will be available for a time at participating locations, while Hidden Valley Ranch will become a permanent menu fixture.
The Coca-Cola Company (NYSE: KO) will release its second quarter 2024 financial results on July 23, before the New York Stock Exchange opens. The results will be followed by an investor conference call at 8:30 a.m. ET, accessible via a webcast on Coca-Cola's investor website. Downloadable files and a transcript will be available within 24 hours after the call.
Coca-Cola operates in over 200 countries and offers a diverse beverage portfolio, including billion-dollar brands like Coca-Cola, Sprite, and Fanta. The company is committed to sustainable practices, such as reducing sugar in drinks and improving packaging recycling.
The Fresh Market, in collaboration with Coca-Cola, has launched an exciting sweepstakes, offering participants a chance to win a lifetime supply of Hot & Fresh Pizza and Coca-Cola. This promotion highlights the popularity of pizza, with 83% of consumers having enjoyed pizza recently. From June 19 to August 13, 2024, members of The Fresh Market Ultimate Loyalty Experience will be automatically entered into the sweepstakes with qualifying purchases, or they can enter via an online form. The grand prize includes free pizza and Coca-Cola for life, while each of the 162 Fresh Market stores will select a winner for a year's supply. Additionally, The Fresh Market is offering special pizza bundles until December 31, 2024, and launching a Hot & Fresh Pizza Club with incentives for frequent purchases. A taste test revealed that 61% of participants preferred The Fresh Market's Hot & Fresh Pepperoni Pizza over Domino's.
Ascend Wellness Holdings (AAWH), a multi-state cannabis operator, announced the appointment of Julie Francis to its Board of Directors, effective June 3, 2024. This expansion increases the board members from six to seven. Francis, recognized as an independent director by SEC and NYSE standards, brings extensive experience from her roles at Schwan's Company, Constellation Brands, and Coca-Cola Refreshments. Her appointment strengthens AWH's governance practices and aligns with its growth objectives. Executive Chair, Abner Kurtin, highlighted her expertise in the consumer goods sector as a valuable asset for the company.
The Coca-Cola Company has announced its participation in two significant investor events in June. John Murphy, President and CFO, will present at the dbAccess Global Consumer Conference in Paris on June 6 at 11 a.m. CEST/5 a.m. ET. James Quincey, Chairman and CEO, will speak at the Redburn Atlantic and Rothschild & Co. Consumer Conference in London on June 20 at 1 p.m. BST/8 a.m. ET.
Investors can join these events via webcasts on coca-colacompany.com/investors, with downloadable files and transcripts available within 24 hours. Coca-Cola, a global beverage leader with products in over 200 countries, continues to innovate and aims to positively impact communities and the planet through various sustainability initiatives.
Carlos Pagoaga, a 34-year Coca-Cola veteran, will be named Vice President of Global Community Affairs for The Coca-Cola Company and President of The Coca-Cola Foundation, succeeding Saadia Madsbjerg. Pagoaga brings extensive experience and will oversee all Foundation operations. His appointment is subject to formal board approval.
The Coca-Cola Company announced the election of new corporate officers and the declaration of the regular quarterly dividend. Brenda Hofmann was elected senior VP and chief of internal audit, Leonardo Zei as VP of strategic ingredient supply, Derek Benz as senior VP and CISO, and Ellie May as chief accounting officer. The company also declared a regular quarterly dividend of 48.5 cents per common share.
Coca-Cola reported positive growth in global unit case volume and net revenues in the first quarter of 2024. Despite a decline in operating income, the company saw growth in EPS and market share. The company introduced new products and continued to drive digital capabilities to enhance consumer engagement. Coca-Cola also updated its trademark offerings and expanded distribution in various regions. While the company faced challenges in certain markets, it remains optimistic about sustained success.
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