Tag: Coca-Cola

June 16, 2021

Cristiano Ronaldo’s gesture for people to drink water instead of Coke at a Euro 2020 press conference may have cost the soda company $4 billion in market value. Coca-Cola shares dropped from $56.17 to $55.22 after Ronaldo moved two Coke […]

April 23, 2019

Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company jumped 3% in premarket trading. “We’re encouraged by our first quarter results as our disciplined growth strategies continue to deliver strong underlying performance,” Coca-Cola […]

February 14, 2019

Coca-Cola on Thursday reported quarterly earnings that were in line with analysts’ expectations for the year, but fell short in their expected earnings for 2019. Shares of the company dropped 2 percent in premarket trading. The company expects that in […]

November 19, 2018

Consumer spending is still strong: It accounted for more than three-quarters of GDP growth in the most recent quarter. But Melda Mergen, deputy global head of equities for Columbia Threadneedle Investments, for one, is expecting consumers to spend less in […]

August 31, 2018

The Coca-Cola Company is buying U.K.-based Costa Limited, a global coffee chain with almost 4,000 retail outlets, for $5.1 billion, it announced today. While Costa does not compete in the U.S. market, it is the U.K.’s leading coffee chain and […]

November 15, 2016

Shares of Anheuser-Busch InBev ended Monday down 1.85 percent on a report that the brewer might have its eyes on U.S. beverage giant Coca-Cola for its next acquisition. InBev, the world’s largest brewer, already completed a $107 billion purchase of […]

October 26, 2016

Coca-Cola reported a 7 percent drop in quarterly revenue, hurt by high levels of inflation in certain Latin American countries and divestitures of some bottling business. The company said net income attributable to its shareholders fell to $1.05 billion, or 24 […]

April 20, 2016

Coca-Cola reported first quarter profits that topped analysts’ estimates on Wednesday, with a sales decline. Read More on Business Insider

March 30, 2016

Slumping demand for diet sodas sold by PepsiCo and Coca Cola propelled a decline for the broader industry, as overall sales of carbonated soft drinks dropped for the 11th consecutive year in the U.S. Total volume declined 1.2% in 2015, […]

September 24, 2015

Coca-Cola Co. said Thursday that it plans to bring some of its top U.S. bottlers together under a new supply system, the soda giant’s latest move to cut costs amid tepid sales. Coke KO, -0.08%  said the new national supply […]