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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

46.52USD
17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Coca-Cola Q1 earnings per share $0.27
Tuesday, 25 Apr 2017 06:55am EDT 

April 25 (Reuters) - Coca-Cola Co ::The Coca-Cola Company reports first quarter 2017 results.Q1 revenue $9.1 billion versus I/B/E/S view $8.89 billion.Q1 earnings per share $0.27.Q1 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Coca-Cola Co - on track to deliver full year targets.Coca-Cola Co qtrly organic revenues (non-GAAP) were even.Coca-Cola Co - expanding our existing $3 billion productivity and reinvestment program to capture an incremental $800 million in annualized savings by 2019.Coca-Cola Co - qtrly comparable EPS (non-GAAP) of $0.43.Qtrly total unit case volume was even, which included less than a half point of growth from acquired brands.Qtrly sparkling soft drinks unit case volume down 1%.Coca-Cola Co sees full year 2017 comparable EPS (non-GAAP) to decline 1% to 3% versus $1.91 in 2016.Coca-Cola Co sees 17% to 18% headwind from acquisitions, divestitures, and structural items to Q2 net revenues.Says "revenues in quarter were adversely impacted by two fewer days and shift of Easter holiday".  Full Article

Coca-Cola reports senior leadership appointments
Thursday, 23 Mar 2017 08:11am EDT 

Coca-Cola Co : The Coca-Cola Company announces senior leadership appointments . Coca-Cola - creates new chief growth officer role . Coca-Cola - three senior functional leaders announce retirements . Coca-Cola - key changes, which will be effective when president and coo James Quincey becomes chief executive officer on may 1 . Coca-Cola - combining global marketing, customer and commercial leadership, and strategy into one combined function . Coca-Cola - Francisco Crespo, who currently serves as president of Mexico business unit, will fill newly created role of chief growth officer . Coca-Cola - Robert Long, currently vice president, research and development, will become a direct report to ceo as chief innovation officer . Coca-Cola - Barry Simpson, currently senior vice president and chief information officer, will remain in his role but be elevated as a direct report to ceo . Coca-Cola - Jennifer Mann, currently chief of staff to quincey, will become chief people officer. . Coca-Cola - Ceree Eberly, senior vice president and chief people officer, will retire . Coca-Cola - Kathy Waller will assume expanded responsibility for strategic governance areas as executive vp , cfo and president, enabling services . Coca-Cola - Clyde Tuggle, senior vice president and chief public affairs and communications officer, will retire . Coca-Cola - Marcos De Quinto, executive vice president and chief marketing officer, will retire.  Full Article

Coca-Cola exec at CAGNY conference- Will make corporate center much leaner, jobs will be affected
Thursday, 23 Feb 2017 02:45pm EST 

Coca-cola Co : At CAGNY conference- are increasing availability and options of single-serve drinks . Exec at CAGNY conference- will look at downsizing packaging in some areas . Exec at CAGNY conference- 'without added sugar' is a vast opportunity to grow . Exec at CAGNY conference- will refranchise more in n. America this year than we have in previous yrs combined . Exec at CAGNY conference- company's corporate center will be much leaner, jobs will be affected . Exec at CAGNY conference- have launched a perfomance mangement system, new compensation system based around revenue and economic profit Further company coverage: [KO.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Coca Cola Bottling, Coca-Cola unit entered into amendment to APA
Friday, 27 Jan 2017 04:30pm EST 

Coca Cola Bottling Co Consolidated : Coca Cola Bottling Co Consolidated- co, unit of Coca-Cola Co, entered into amendment to asset purchase agreement dated September 1, 2016 - SEC filing .Coca Cola Bottling - amendment accelerates anticipated date for closing of final transaction contemplated by Sept 2016 distribution APA to March 2017.  Full Article

National Amusements and Coca-Cola announce new partnership
Wednesday, 18 Jan 2017 11:11am EST 

National Amusements : National Amusements and Coca-Cola announce new partnership . National Amusements - reached a multi-year agreement with Coca-Cola Company . National Amusements says agreement includes new marketing initiatives and exclusive beverage rights . National Amusements - Coca-Cola's products will be available to theatre patrons at concession stands beginning January 2017 .National Amusements - cos to also partner on various cross-promotional programs throughout year, spotlighting new products, blockbuster films.  Full Article

Coca-Cola, Anheuser-Busch InBev reach agreement regarding Coca-Cola Beverages Africa
Wednesday, 21 Dec 2016 01:00am EST 

Coca-cola Co : Coca-Cola Co - co, Anheuser-Busch Inbev have reached agreement regarding transition of Ab Inbev's 54.5% equity stake in Coca-Cola Beverages Africa for $3.15 billion, after customary adjustments . Coca-Cola co - cos reached agreement in for co to acquire Ab Inbev's interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador, Honduras for an undisclosed amount . Says plans to hold all of these territories temporarily until they can be refranchised to other partners .Press release - the coca-cola company and Anheuser-Busch Inbev reach agreement regarding coca-cola beverages Africa.  Full Article

Soros Fund Management takes stake in Netflix, Harley
Monday, 14 Nov 2016 05:31pm EST 

Soros Fund Management : Takes share stake of 8,916 shares in Harley Davidson . Cuts share stake in Charter Communications by 56.1 percent to 12,135 class A shares . takes share stake of 137,166 shares in Netflix Inc - sec filing . Takes share stake of 28,500 shares in United Continental Holdings - SEC filing . Takes share stake of 26,383 shares in Coca Cola - SEC filing . Cuts share stake in Dish Network Corp by 86.0 percent to 101,644 class A shares .Change in holdings are as of September 30, 2016 and compared with the previous quarter ended as of June 30, 2016.  Full Article

Swire Coca-Cola and Coca-Cola company reach agreement on expansion of territories
Monday, 31 Oct 2016 08:00am EDT 

Coca-cola Co - : Agreement includes acquisition of production facilities near Seattle and Portland and distribution facilities in territories . Swire Coca-Cola USA - Reached a definitive agreement for expansion of its sales and marketing territories in pacific northwest .Press release - Swire Coca-Cola, USA and the Coca-Cola company reach agreement on expansion of territories in Washington, Oregon and Idaho.  Full Article

Coca-Cola Co reports third quarter 2016 results
Wednesday, 26 Oct 2016 07:00am EDT 

Coca-Cola Co : The Coca-Cola Company reports third quarter 2016 results . Q3 non-GAAP earnings per share $0.49 . Q3 earnings per share $0.24 . Q3 earnings per share view $0.48 -- Thomson Reuters I/B/E/S . Q3 revenue $10.6 billion versus I/B/E/S view $10.51 billion . Coca-Cola Co says full year organic revenue and comparable EPS outlook (both non-GAAP) remain unchanged . Full year organic revenue and comparable EPS outlook (both non-GAAP) remain unchanged . Coca-Cola Co says qtrly organic revenues (non-GAAP) grew 3% . Coca-Cola Co says qtrly still beverage unit case volume grew 3% . Coca-Cola Co says qtrly sparkling beverage unit case volume was even . Coca-Cola Co says qtrly net operating revenue $10.63 billion versus $11.43 billion . Sees fy net capital expenditures slightly less than $2.5 billion . Sees Q4 net revenues to be impacted by 11% headwind from acquisitions, divestitures and structural items . Coca-Cola Co says qtrly total company unit case volume up 1 percent . Coca-Cola Co says sees Q4 net revenues to be impacted by 1% to 2% currency headwind based on current spot rates and including impact of hedged positions . Coca-Cola Co says qtrly North America unit case volume up 1 percent . Coca-Cola Co says sees Q4 income before taxes to be impacted by 6% to 7% structural headwind, 8% to 9% currency headwind . Coca-Cola Co says continued to make progress against refranchising plans and remain on track to meet goal by end of 2017.  Full Article

Dunkin' Donuts to launch ready-to-drink coffee in the U.S. in 2017
Thursday, 29 Sep 2016 12:00pm EDT 

Dunkin' Brands Group Inc: Dunkin' Donuts to launch ready-to-drink coffee in 2017 . Says Coca-Cola Company will manufacture, distribute and sell product . Will launch a line of Dunkin' Donuts branded ready-to-drink (RTD) coffee beverages in United States in early 2017 . Financial terms of agreement were not disclosed .Will equally share with U.S. franchisees its profits from sales of ready-to-drink coffee via outlets outside of restaurants.  Full Article

China Foods to sell wine, non-beverage business to parent for $649 million

HONG KONG China Foods Ltd said it would sell its wine and other non-beverage businesses to a unit of its state-owned parent COFCO Corp in a deal valued at HK$5.07 billion ($649 million) as it aims to focus on its beverage business.