News for Coca-Cola
Mar 8 · 1:20:00 PM · Source: Wall Street Journal
The main trade association representing Coca-Cola Co., PepsiCo Inc., and other beverage companies plans to release a report Monday showing that sales of soda and other drinks in U.S. secondary schools have dropped sharply since 2004, in a sign that efforts to improve nutrition in schools are progressing. Sales volume of beverages shipped to schools from bottlers fell 72% between the first semester of the 2004-05 school year and the first semester of the current academic year, according to the report, which was compiled for the American Beverage Association by economic research firm Keybridge Research LLC. The report showed a 95% decline in sales volume of full-calorie soft drinks, such as Coca-Cola and Pepsi-Cola, and a 94% decline in juice drinks. Full-calorie soft drinks accounted for just 6.8% of beverage volume shipped to schools last semester, while they made up 40% of the product mix in 2004.
This is great news for the health of kids in the country. I wouldn't worry too much about the sales decline for Coke and Pepsi - over time they will figure out how to sell more healthier drinks in the schools.
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by Rich Pike
Feb 18 · 12:25:00 PM · Source: Company Press Release
The Board of Directors of The Coca-Cola Company today approved the Company's 48th consecutive annual dividend increase, raising the quarterly dividend approximately 7 percent from 41 cents to 44 cents per common share. This is equivalent to an annual dividend of $1.76 per share, up from $1.64 per share in 2009. The first quarterly dividend is payable April 1, 2010, to shareowners of record as of March 15, 2010.
The increase reflects the Board's confidence in the Company's long-term cash flow. The Company returned $5.3 billion to shareowners in 2009, through $3.8 billion in dividends and $1.5 billion in share repurchases.
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by Rich Pike
Feb 9 · 12:19:00 PM
Coca-Cola Co. said Tuesday its fourth-quarter profit rose 55%,
$ to 1.54 billion, or 66 cents a share, in the period vs. $995 million, or 43 cents a share, in the same quarter a year ago. Revenue at the Atlanta-based company rose to $7.51 billion from $7.13 billion.
A gain in volume was the good news, and helped send the stock up at the opening.
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by Michael Oliveto
Dec 31 · 12:24:00 PM · Source: AJC
California-based Hansen is in discussions with Coca-Cola and some of its main bottlers, hoping to get Peace Tea into the Coke distribution system in a matter of weeks.
The ready-to-drink tea category already includes market leader AriZona as well as drinks from Snapple, Coca-Cola and Pepsi. As the North American beverage business struggles through a recession, ready-to-drink teas have posted modest 1.8 percent sales growth this year, Beverage Digest reported in November.
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by Michael Oliveto
Oct 22 · 1:51:00 PM · Source: Business Wire
The Board of Directors of The Coca-Cola Company today declared a regular quarterly dividend of 41 cents per common share. The dividend is payable December 15, 2009, to shareowners of record as of December 1, 2009.
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by Larry Etter
Oct 21 · 10:06:00 AM · Source: Business Wire
Coca-Cola to send team Of "Happiness Ambassadors" on a year-long journey to seek out what makes people happy.
Countless people have taken a year off to travel, but nobody has ever embarked on a trip quite like this before – 206 countries, covering 150,000 miles in just 365 days. From Aruba to Zimbabwe and nearly every nation in between, a team of three young people will attempt to visit 206 countries where Coca-Cola is sold to seek out what makes people happy and share their happiness and enthusiasm with the rest of the world.
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by Larry Etter
Oct 20 · 10:48:00 AM · Source: Bloomberg
Coca-Cola Co., the world’s largest soft-drink maker, said third-quarter profit rose less than 1 percent as volume gains in Mexico and China were countered by a decline in North America. The shares fell in New York trading.
Net income increased to $1.9 billion from $1.89 billion a year earlier, the Atlanta-based company said today in a statement. Revenue fell 4.2 percent to $8.04 billion, the company said.
Coke CEO said consumer sentiment will recover slowly into 2010.
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by Larry Etter
Oct 14 · 2:50:00 PM · Source: Reuters
Coca-Cola today announced a new can design and size for its classic Coke product.
The new can is shorter and slimmer in size and contains 7.5 ounces and 90 calories of the beverage and will be available in 8-packs. The new announcement comes on the heels of the company’s partnership with the Healthy Weight
Commitment Foundation, which advocates a common-sense approach to helping
reduce obesity by 2015.
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by Michael Oliveto
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