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Coca-Cola Co (KO)

KO on New York Consolidated

45.39USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Coca-Cola reports Q2 EPS of $0.79
Wednesday, 27 Jul 2016 06:55am EDT 

Coca-Cola Co : Coca-Cola company reports second quarter 2016 results . Full-year comparable currency neutral income before taxes (structurally adjusted) outlook remains 6 pct to 8 pct . Expects full-year comparable EPS to be down 4 pct to 7 pct versus prior year's comparable EPS of $2.00 . Still beverage volume grew 4 pct year to date and 2 pct in the quarter . Q2 NON-GAAP earnings per share $0.60 . Q2 earnings per share $0.79 . Q2 earnings per share view $0.58 -- Thomson Reuters I/B/E/S . Full-year 2016 organic revenues now expected to grow 3 pct . Q2 net operating revenue $11,539 million versus $12,156 million . Qtrly total company organic revenue up 3 percent . Qtrly North America unit case volume up 1 percent . Targeting full-year 2016 net share repurchases of $2.0 to $2.5 billion . For Q3,based on current spot rates, currency to be 2 pt headwind on comparable revenues and 2 to 3 pt headwind on comparable income before taxes . Qtrly total company unit case volume flat versus last year .Net impact of structural items is expected to be a 3 point headwind on comparable income before taxes in Q3.  Full Article

Coca-Cola says bottlers sign new LOI for territories in 2 states
Wednesday, 27 Jul 2016 06:45am EDT 

Coca-Cola Co : Bottlers sign new letters of intent for territories in two states . Financial terms are not being disclosed . Announces continued progress with North American refranchising initiative . National product supply group to add two members, including newly formed regional group that will encompass much of Midwest . Durham Coca-Cola Bottling Company of North Carolina expects to add territory in Sanford, N.C. . Agreements announced are part of a plan to refranchise all of Coca-Cola Company's North American territories by end of 2017 .Coca-Cola Bottling Company of Yakima, Wash, expects to add territory in Moses Lake, Wash.  Full Article

Coca-Cola sets regular quarterly dividend of $0.35 per share
Thursday, 21 Jul 2016 09:55am EDT 

Coca-cola Co :Sets regular quarterly dividend of $0.35 per share.  Full Article

NFL says David Thomson has been named managing director of NFL Canada
Tuesday, 28 Jun 2016 12:09pm EDT 

NFL: David Thomson has been named managing director of NFL Canada .Thomson comes to NFL after a 15-year career at Coca-Cola Canada where he most recently was vice president of strategic marketing & investments.  Full Article

Coca-Cola now expects items to be a 5-6 point headwind on net revenues
Thursday, 16 Jun 2016 06:00am EDT 

Coca-cola Co : Cola co - now expects items to be a 5 to 6 point headwind on net revenues and a 4 to 5 point headwind on income before taxes in q2 . Q2 earnings per share view $0.59, revenue view $11.75 billion -- Thomson Reuters I/B/E/S .Cola company updates second quarter expected net impact of acquisitions, divestitures and other structural items ahead of deutsche bank conference presentation.  Full Article

Coca-Cola to refranchise territory to Coca-Cola Bottling Co consolidated
Wednesday, 15 Jun 2016 07:30am EDT 

Coca-cola Co : Coca-Cola Company to refranchise territory to Coca-Cola Bottling Co consolidated . Expects to refranchise most of Memphis, Tenn., market unit to charlotte, N.C.-based consolidated . Cola - signed LOI for a small territory owned by coca-cola company that is centered on Louisa, KY., with operations that span into West Virginia. . Number of facilities and territories in southeast will be exchanged under letters of intent . Cola co - financial terms are not being disclosed. .Agreements are part of a plan to refranchise all of coca-cola company's North American territories by end of 2017.  Full Article

Coca Cola HBC Ag reiterates mid-term targets
Monday, 6 Jun 2016 07:00am EDT 

Coca Cola Hbc Ag : Hosting an investor event in London today, 6 June 2016, where management will present to investors and analysts on group's medium-term strategy . Will be discussing our plans to promote volume and value growth, and further improvements to operational efficiency . Reiterate our capital expenditure target as 5.5-6.5 pct of net sales revenue and commitment to maintaining negative working capital balance sheet position . Medium-Term growth targets include average annual revenue growth rate in range 4-5 pct on a currency-neutral basis . Looking ahead, we expect an improving external environment to support growth in our markets over period to 2020 . Medium-Term growth targets include a reduction in comparable operating expenses as a percentage of net sales revenue to 26-27 pct .Medium term growth targets include- comparable EBIT 1 margin improvement to 11 pct (2015: 7.5 pct).  Full Article

Coca-Cola announces new international structure
Tuesday, 24 May 2016 06:55am EDT 

Coca-cola Co : The Coca-Cola Company announces new international structure, promotes key leaders . Dan Sayre, will continue as president, Western Europe . In Africa, two business units will be reconfigured to more closely align operations with bottling operations on continent . In Europe, Central,Southern Europe and Russia, Ukraine,Belarus business units to be combined into a new business unit-Central and Eastern Europe . Will form Europe, Middle East, Africa group, consisting of business units that currently make up Europe and Eurasia and Africa groups . Brian Smith, currently president of company's Latin America group, will become president, EMEA group . Company's bottling investments and North America groups are not impacted by today's announcements .Atul Singh, currently president of Asia Pacific group, will transition to role of chairman, asia pacific group.  Full Article

SA's Competition Tribunal approves Coca-Cola beverages merger with bottling cos with conditions
Tuesday, 10 May 2016 10:44am EDT 

South Africa's Competition Tribunal: Says Coca-Cola beverages merger with bottling companies approved with conditions . Told that conditions dealt with and settled all the parties’ disputes; no party contested merger approval subject to agreed conditions . Will be providing reasons for its approval in due course . Says conditions are as given by the parties on may 9 to the tribunal . Says conditions are as given by the parties on May 9 to the Tribunal (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Coca-Cola Co gives voluntary retirement scheme to 65 employees at HCCB bottling plant - Economic Times - Reuters News
Tuesday, 15 Mar 2016 01:20pm EDT 

Coca-Cola Co:Coca-Cola has let go of 65 employees at bottling unit Hindustan Coca-Cola Beverages (HCCB) through a voluntary retirement scheme (VRS), even as it suspended operations at five plants citing flagging demand - Economic Times.The company is also exploring options to sell the company-owned bottling business.An HCCB spokesperson confirmed the development. These five factories employed 390 people and half of them are still on the rolls of the company and have yet to make a decision.One-third of the employees have chosen to relocate to other locations and the remaining have opted for VRS, the spokesperson told ET.This is possibly the largest number of employees that Coca-Cola has let go of in the country at any one given time, though the company did not confirm it.  Full Article

More From Around the Web

BRIEF-Coca-Cola signs letter of intent for bottling territory in Northeast

* The Coca-Cola Company nears completion of u.s. Refranchising plan with letter of intent for territory in Northeast Source text for Eikon: Further company coverage: