The Coca-Cola Co. said Thursday it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.
Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it.
Coke Chairman and CEO James Quincey said sales improved sequentially in May, June...
Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population.
Those volumes made up of bottled drinks and the syrups Coke sells to...
ATLANTA (AP) — Coca-Cola shares hit a record high after the company upped its full-year revenue expectations and said it's winning customers with new drinks like low-sugar sodas and iced...
ATLANTA (AP) — The Coca-Cola Co. surprised investors with a better-than-expected first quarter but cautioned that it's still expecting slower growth for the full year.
ATLANTA (AP) — A weak annual outlook from Coca-Cola overshadowed solid quarterly results Thursday, wiping out its stock gains for the year and setting off the worst sell-off of company shares in more than a decade.
Coke expects organic revenue growth of 4 percent in 2019, a point lower than last year.
CEO James Quincey said higher tax rates, currency fluctuations and volatility in emerging markets will all be headwinds in 2019.
ATLANTA (AP) — Coca-Cola Co. has named its president and CEO as chairman of the company's board.
James Quincey will become chairman and CEO following Coke's annual meeting in April.
The Atlanta company has already announced that longtime Coke executive Bryan Smith will become president and chief operations officer on Jan. 1.
ATLANTA (AP) — Strong sales of "premium" water and sugar-free sodas powered third-quarter earnings for Coca-Cola Co.
Coke President and CEO James Quincey said enhanced waters like the smartwater, vitaminwater and Topo Chico brands helping turn around a slump in water sales at the company.
ATLANTA (AP) — Coca-Cola Co. has named longtime company executive Brian Smith as its new president and chief operating officer.
Smith joined the company in 1997. He has led Coke's operations in Brazil and Mexico and most recently was the head of its Europe, Middle East and Africa division.
Smith will report to CEO James Quincey. Quincey served as Coke's president and COO from 2015 to 2017, when he was named CEO.
NEW YORK (AP) — Coca-Cola is buying a minority ownership stake in sports drink maker BodyArmor,
for an undisclosed amount, marking the latest move by the world's biggest beverage maker to diversify its offerings.
ATLANTA (AP) — Coca-Cola thinks it may have found a new drink that will give soda sales a shot of caffeine: Coke Plus Coffee.
The company introduced the canned and bottled product in Australia last year, and has since rolled it out to Vietnam, Cambodia and Thailand. It did not say where it would next introduce the drink, but CEO James Quincey said during a call with analysts Wednesday that "early results are promising."
NEW YORK (AP) — Diet Coke's makeover, which put the sugar-free drink in skinny colorful cans, helped the low-calorie brand sell more soda in North America for the first time in nearly eight years.
Coca-Cola Co. introduced four new flavors of Diet Coke in February, including mango and ginger lime, to try and lure back customers who switched to other flavored fizzy water and other low-calorie drinks. The Atlanta-based company also redesigned the 35-year-old drink's logo.
ATLANTA (AP) — Coca-Cola swung to a fourth-quarter loss after being hit with a $3.6 billion tax charge tied to a sweeping overhaul of the nation's tax laws.
Revenue also plunged as the world's largest drink maker sells off its bottling operations.
Industry analysts have anticipated both as the company reshapes operations, and shares edged higher in morning trading Friday.
NEW YORK (AP) — Coca-Cola announced long-term recycling goals Friday, including attempting to recycle a bottle or can for every beverage it sells by 2030.
The soda maker and other consumer products companies have been under pressure from customers and environmental advocates to stop using plastic packaging, and fast-food giant McDonald's unveiled new recycling goals of its own just this week.
NEW YORK (AP) — Coca-Cola, looking to adapt to people's changing tastes, wants to expand new and smaller brands, including drinks that can be mixed with alcohol.
NEW YORK (AP) — Coca-Cola says James Dinkins will take over as head of the company's North America business next year, replacing Sandy Douglas, who is retiring.
Atlanta-based Coca-Cola says 55-year-old Dinkins, who currently oversees the Minute Maid business, will start as president of Coca-Cola North America on Jan. 1. Douglas, who is 56, will retire three months later in March. Both men have worked at Coca-Cola for almost 30 years.
ATLANTA (AP) — Coca-Cola's profit tumbled in the second quarter, hampered in part by charges related to the refranchising of its North American business. But adjusted results still topped most expectations as higher pricing offset flat sales volume from a year ago.
NEW YORK (AP) — Coca-Cola CEO Muhtar Kent, who is stepping down in May, received a compensation package worth $16 million last year, according to a regulatory filing.