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.
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.
7-Eleven launched a limited-time Coca-Cola OREO Zero Sugar Slurpee flavor at participating 7-Eleven, Speedway and Stripes stores, available now in the U.S.
The Slurpee blends a crisp, fizzy Coca-Cola profile with OREO sandwich-cookie-inspired notes and ties to Coca-Cola and OREO limited-time treats being sold in stores. A Dallas tasting event, the Besties Restie Stop, is set for Sept 14, 2024, 2–10 p.m. at 13635 Preston Rd featuring samples and limited-edition collectibles. Customers can also order Slurpees via the 7NOW delivery app with real-time tracking; the app is available on the App Store and Google Play or via 7Rewards.com.
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.
vitaminwater launches the 'Paint Your Rent' campaign, offering fans a chance to win free rent for a year and custom design services from Havenly. Five winners will receive a $20,556 check to cover rent, based on the national average of $1,713 per month. The contest, running until August 27, 2024, invites participants to share photos of their favorite vitaminwater flavor in a space needing a makeover.
To inspire entrants, vitaminwater collaborated with Havenly to create AI-generated mood boards based on five iconic flavors. These boards showcase how vitaminwater colors can be incorporated into home décor, aligning with the current trend towards more colorful design choices. The campaign aims to bring vibrancy to living spaces while addressing the challenge of high rent prices.
Fanta® and Warner Bros. Pictures have announced a global partnership for the upcoming movie Beetlejuice Beetlejuice, set to release on September 6th, 2024. The collaboration includes a -Edition Fanta® Beetlejuice flavor and character-themed packaging for the entire Fanta range. Products will feature QR codes for exclusive experiences, including chances to win movie tickets.
The partnership aims to celebrate Halloween and encourage consumers to 'Summon What You Wanta' through various activations in September and October. Fanta® will offer virtual and in-person immersive experiences related to the film. The -edition products will be available in over 50 markets globally starting August 12th.
The U.S. Tax Court has entered a decision in the ongoing tax dispute between The Coca-Cola Company (KO) and the U.S. Internal Revenue Service. The decision reflects a liability of approximately $2.7 billion, with the total amount anticipated to be around $6.0 billion including interest. Coca-Cola strongly disagrees with the IRS and Tax Court's interpretation and application of regulations and plans to appeal the decision within the next 90 days to the U.S. Court of Appeals for the Eleventh Circuit.
The dispute originated in 2015 when the IRS sought $3.3 billion in additional federal income tax for 2007-2009, reallocating over $9 billion of income from foreign affiliates to the U.S. parent company. Coca-Cola believes it will prevail on appeal regarding issues raised in both the 2020 and 2023 Tax Court opinions. The company has provided guidance on potential outcomes in its SEC filings, including the Form 10-Q filed on July 29, 2024.