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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

42.75USD
26 Apr 2018
Change (% chg)

$0.32 (+0.75%)
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Latest Key Developments (Source: Significant Developments)

Coca-Cola Co Announces Letter Of Intent For Refranchising Of Canadian Bottling Operations
Friday, 9 Mar 2018 08:30am EST 

March 9 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY ANNOUNCES LETTER OF INTENT FOR REFRANCHISING OF CANADIAN BOTTLING OPERATIONS.COCA-COLA CO - LARRY TANENBAUM AND JUNIOR BRIDGEMAN TO FORM CANADIAN JOINT VENTURE TO ACQUIRE COCA-COLA REFRESHMENTS CANADA.COCA-COLA CO - FINAL NON-BINDING AGREEMENT WILL COMPLETE REFRANCHISING OF COMPANY-OWNED BOTTLING OPERATIONS IN NORTH AMERICA.COCA-COLA CO - FINANCIAL TERMS WERE NOT DISCLOSED..COCA-COLA CO - LARRY TANENBAUM O.C. & JUNIOR BRIDGEMAN HAVE SIGNED NON-BINDING LOI TO BUY CANADIAN BOTTLING & DISTRIBUTION BUSINESS.  Full Article

Coca-Cola Says Expect Comparable EPS Growth In 8 To 10 pct Range For FY 2018- Conf. Call
Friday, 16 Feb 2018 10:03am EST 

Feb 16 (Reuters) - Coca-Cola Co ::NONALCOHOLIC BEVERAGE INDUSTRY WAS LITTLE SOFT DURING 2017 AS EMERGING, DEVELOPING MARKETS SLOWED SLIGHTLY FROM LAST YEAR- CONF. CALL.EXPECT TO GROW COMPARABLE EPS IN RANGE OF 8 PERCENT TO 10 PERCENT IN FY 2018.INTEND TO USE APPROXIMATELY $7 BILLION OF CASH HELD OVERSEAS TO REPAY GROSS DEBT.EXPECT ORGANIC REVENUE TO GROW AT 4 PERCENT IN FY 2018.EXPECT 8-9 PERCENT UNDERLYING OPERATING INCOME GROWTH IN FY 2018.EXPECT COMMODITY PRICES TO RISE IN FY 2018.PENSION ACCOUNTING CHANGE WILL REQUIRE RESTATEMENT TO 2017 RESULTS, DO NOT EXPECT IT TO IMPACT 2018 GUIDANCE ON OPERATING INCOME.IN 2018, GROSS MARGINS WILL CONTINUE TO BE UNDER PRESSURE."DISSATISFIED" THAT CO WAS NOT ABLE TO TURN AROUND DIET COKE IN 2017.  Full Article

Coca-Cola Qtrly Loss Per Share From Continuing Operations $0.66
Friday, 16 Feb 2018 07:05am EST 

Feb 16 (Reuters) - Coca-Cola Co ::QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.66.TOTAL UNIT CASE VOLUME WAS EVEN FOR THE QUARTER‍​.NET REVENUE DECLINED 20 PERCENT TO $7.5 BILLION FOR THE QUARTER.QTRLY COMPARABLE EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.39.Q4 EARNINGS PER SHARE VIEW $0.38, REVENUE VIEW $7.36 BILLION -- THOMSON REUTERS I/B/E/S.ORGANIC REVENUES (NON-GAAP) GREW 6% FOR QUARTER.IMPACT OF TAX CUTS AND JOBS ACT RESULTED IN A ONE-TIME NET CHARGE OF $3.6 BILLION DURING THE QUARTER ENDED DEC. 31, 2017‍​.SEES ABOUT 4% GROWTH IN ORGANIC REVENUE (NON-GAAP) IN 2018.PLANS TO REDUCE GROSS DEBT LEVEL BY ABOUT $7 BILLION WITH CASH HELD OVERSEAS.SEES 8-9% GROWTH IN COMPARABLE CURRENCY NEUTRAL OPERATING. INCOME (STRUCTURALLY ADJUSTED) IN 2018.QTRLY SPARKLING SOFT DRINKS UNIT CASE VOLUME FLAT.SEES 2018 COMPARABLE EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO GROW 8% TO 10% VERSUS $1.91 IN 2017.FY2018 EARNINGS PER SHARE VIEW $2.01, REVENUE VIEW $30.97 BILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2018 CAPITAL EXPENDITURES (EXCLUDING DISCONTINUED OPERATIONS) OF ABOUT $1.9 BILLION.SEES 2018 NET SHARE REPURCHASES, NON-GAAP, APPROXIMATELY $1.0 BILLION‍​.  Full Article

Coca-Cola Raises Quarterly Dividend To 39 Cents Per Share
Thursday, 15 Feb 2018 11:02am EST 

Feb 15 (Reuters) - Coca-Cola Co ::BOARD OF DIRECTORS OF THE COCA-COLA COMPANY ANNOUNCES 56TH CONSECUTIVE ANNUAL DIVIDEND INCREASE.COCA-COLA CO - RAISING QUARTERLY DIVIDEND 5.4 PERCENT, FROM 37 CENTS TO 39 CENTS PER COMMON SHARE.  Full Article

Coca-Cola HBC sees some price increases due to inflation
Wednesday, 14 Feb 2018 03:19am EST 

Feb 14 (Reuters) - Coca Cola Hbc Ag ::COCA-COLA HBC CEO SEES OPPORTUNITIES FOR PRICE INCREASES IN EUROPE, EXCLUDING RUSSIA, DUE TO INFLATION.COCA-COLA HBC CEO SAYS IN RUSSIA, MODERATING INFLATION WILL LIMIT PRICE INCREASES, BUT COULD HELP VOLUME.COCA-COLA HBC CEO SAYS DECLINES TO COMMENT ON SALE PROCESS FOR COCA-COLA BOTTLING ASSETS IN AFRICA.COCA-COLA HBC CEO SEES INFLATION IN NIGERIA STAYING AROUND MID-TEEN LEVEL.  Full Article

Coca-Cola Co Revises Release Date For Q4 And FY 2017 Financial Results To Feb. 16
Thursday, 11 Jan 2018 10:00am EST 

Jan 11 (Reuters) - Coca-Cola Co ::COCA-COLA CO - ‍REVISED RELEASE DATE FOR Q4 AND FULL YEAR 2017 FINANCIAL RESULTS TO FEB. 16, BEFORE OPENING OF NEW YORK STOCK EXCHANGE​.COCA-COLA - ‍ ADDITIONAL TIME TO RELEASE Q4 AND FULL YEAR 2017 EARNINGS WILL ALLOW MANAGEMENT TO FULLY ASSESS IMPACT OF TAX CUTS AND JOBS ACT IN U.S..  Full Article

Irial Finan to Retire from Coca-Cola; Calin Dragan to Take Leadership of Bottling Investments Group
Friday, 8 Dec 2017 06:55am EST 

Dec 8 (Reuters) - Coca-Cola Co ::COCA-COLA - ‍IRIAL FINAN PLANS TO RETIRE FROM POST AS PRESIDENT OF BOTTLING INVESTMENTS GROUP, CALIN DRAGAN TO BE PROMOTED TO LEAD BOTTLING INVESTMENTS.  Full Article

Coca-Cola CEO on CNBC says "never say never" on getting into booze, but it "doesn't make sense" right now
Thursday, 16 Nov 2017 10:19am EST 

Nov 16 (Reuters) - :Coca-Cola CEO on CNBC says "never say never" on getting into booze, but it "doesn't make sense" right now‍​.  Full Article

Coca-Cola reaffirms guidance and updates long-term growth targets
Thursday, 16 Nov 2017 06:55am EST 

Nov 16 (Reuters) - Coca-Cola Co :Coca-Cola hosts investor day: company reaffirms guidance and updates long-term growth targets.Coca-Cola Co - set a target for comparable currency neutral operating margin (non-gaap) of at least 35 percent by 2020​.Coca-Cola Co - ‍company is also providing a near-term expectation for 2018 capital expenditures of $1.9 billion​.Coca-Cola Co sees ‍a long-term expectation for capital expenditures of 4.5 to 5 percent of net revenues​.Coca-Cola Co - also reiterating long-term target of mid single-digit non-GAAP organic revenue growth.Coca-Cola Co - also reiterating long-term target of high single-digit comparable currency neutral eps growth (non-gaap).Coca-Cola Co - ‍now targeting long-term comparable currency neutral operating income growth (non-gaap) of 6 to 8 percent​.Coca-Cola Co - ‍introducing a new long-term target of 95 to 100 percent for adjusted free cash flow conversion ratio (non-GAAP)​.  Full Article

Liberty Coca-Cola Beverages acquires territory from Coca-Cola across New York Tri-State Metro Area
Monday, 30 Oct 2017 06:00am EDT 

Oct 30 (Reuters) - Liberty Coca-Cola Beverages Llc-:Liberty Coca-Cola Beverages acquires local bottling operations in Tri-State Metropolitan Area.Liberty Coca-Cola Beverages says has closed its deal to acquire territory from Coca-Cola Company across New York Tri-State Metro Area​.Liberty Coca-Cola Beverages Llc says financial terms of Liberty Coca-Cola Beverages, Llc agreement are not being disclosed​.  Full Article

BRIEF-Board Of Directors Of The Coca-Cola Company Declares Quarterly Dividend

* BOARD OF DIRECTORS OF THE COCA-COLA COMPANY DECLARES QUARTERLY DIVIDEND