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Coca-Cola Co (KO)

KO on New York Consolidated

43.15USD
28 Apr 2017
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$0.14 (+0.33%)
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Latest Key Developments (Source: Significant Developments)

Coca-Cola COO - To reduce about 1,200 job reductions beginning in second half of 2017
Tuesday, 25 Apr 2017 10:29am EDT 

April 25 (Reuters) - Coca-Cola Co :COO on conf call- saw improved Q1 performance in China, in part driven by a strong chinese new year campaign; India performance improved.COO on conf call- consumer demand challenges in Brazil and Venezuela, in particular, continue to pressure performance.COO on conf call- expect actions we are taking to return Brazil business to growth by end of the year.COO - on April 1, swapped southwest operating unit, comprised principally of Texas, for 20 percent stake in continental beverage business.COO - as we create a more focused, lean corporate center, expect to result in about 1,200 job reductions beginning in second half of 2017 and carrying into 2018.COO - post refranchising, we're going to go from well over 100,000 employees to under 40,000 employees by some point next year.Due to strengthening of several currencies, including Mexican peso, expect a 3-point currency headwind on profit before tax, which is at low end of previous forecast range.COO - majority of the additional $800 million savings would come from the corporate job reductions.COO - intent is to reinvest the half of the $800 million savings in some of the newer categories or some of the other categories to drive growth.  Full Article

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

More From Around the Web

Mexican Coke bottler Arca plans 43 pct investment hike in 2017

MEXICO CITY, April 27 Mexican Coke bottler Arca Continental plans to ramp up its capital expenditures by 43 percent, to 10 billion pesos ($525.6 million), this year as it starts a new U.S. venture, the company said Thursday.