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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coca-Cola To Close Odwalla Juice Business - WSJ
Wednesday, 1 Jul 2020 

July 1 (Reuters) - :COCA-COLA TO CLOSE ODWALLA JUICE BUSINESS - WSJ.COCA-COLA MOVE TO CLOSE ODWALLA JUICE BUSINESS WILL LEAD TO ELIMINATION OF ABOUT 300 JOBS- WSJ.  Full Article

The Coca-Cola Company Announces Strategic Partnership With Microsoft
Monday, 27 Apr 2020 

April 27 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY ANNOUNCES STRATEGIC PARTNERSHIP WITH MICROSOFT TO TRANSFORM GLOBAL ENGAGEMENT AND EXPERIENCES.COCA-COLA CO - ANNOUNCED A FIVE-YEAR AGREEMENT WITH MICROSOFT TO STANDARDIZE BUSINESS OPERATIONS ON MICROSOFT'S CLOUD.  Full Article

Coca-Cola Says May Be Required To Record Significant Impairment Charges Due To Effects Of COVID-19 Pandemic
Friday, 24 Apr 2020 

April 24 (Reuters) - Coca-Cola Co ::COCA-COLA, UNDER RISK FACTORS IN 10-Q FILING, SAYS MAY BE REQUIRED TO RECORD SIGNIFICANT IMPAIRMENT CHARGES DUE TO EFFECTS OF COVID-19 PANDEMIC.COCA-COLA SAYS MAY BE REQUIRED TO WRITE OFF OBSOLETE INVENTORY, UNAMORTIZED BALANCES OF FUNDING PROVIDED TO CUSTOMERS THAT CLOSE DUE TO PANDEMIC.  Full Article

Coca-Cola Board Of Directors Declares Regular Quarterly Dividend
Thursday, 23 Apr 2020 

April 22 (Reuters) - Coca-Cola Co ::COCA-COLA BOARD OF DIRECTORS DECLARES REGULAR QUARTERLY DIVIDEND.COCA-COLA CO - DECLARED A REGULAR QUARTERLY DIVIDEND OF 41 CENTS PER COMMON SHARE.  Full Article

Coca-Cola Says Q1 Non-GAAP EPS Of $0.51
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Coca-Cola Co ::COCA-COLA REPORTS FIRST QUARTER 2020 RESULTS; PROVIDES UPDATE ON BUSINESS ENVIRONMENT AMID CORONAVIRUS PANDEMIC.Q1 NON-GAAP EARNINGS PER SHARE $0.51.Q1 EARNINGS PER SHARE $0.64.Q1 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES DATA.Q1 REVENUE $8.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $8.28 BILLION.QTRLY ORGANIC REVENUES (NON-GAAP) WERE EVEN.CORONAVIRUS IMPACT TO Q2 WILL BE MATERIAL.BELIEVES PRESSURE ON BUSINESS IS TEMPORARY AND REMAINS OPTIMISTIC ON SEEING SEQUENTIAL IMPROVEMENT IN BACK HALF OF 2020.QTRLY UNIT CASE VOLUME DOWN 1%.EXPECTS NET EFFECT OF CONSUMER PURCHASE PATTERNS TO HAVE A SIGNIFICANT IMPACT ON Q2 RESULTS.CO SAW SIGNIFICANT CHANGES IN CONSUMER PURCHASE PATTERNS, NOTABLY SUBSTANTIAL DECLINES IN AWAY-FROM-HOME CHANNELS.FOR COMPARABLE NET REVENUES (NON-GAAP), EXPECTS A MID SINGLE-DIGIT CURRENCY HEADWIND IN FY.IN AT-HOME CHANNELS, COMPANY WITNESSED EARLY PANTRY LOADING IN CERTAIN MARKETS.FOR COMPARABLE OPERATING INCOME (NON-GAAP), EXPECTS A HIGH SINGLE-DIGIT CURRENCY HEADWIND IN FY.COCA-COLA - IN AT-HOME CHANNELS, AFTER WITNESSING EARLY PANTRY LOADING, SAW MORE NORMALIZED DEMAND LEVELS, ALONG WITH A SHARP INCREASE IN E-COMMERCE.BELIEVE WE'RE WELL POSITIONED TO MANAGE THROUGH COVID-19 PANDEMIC.Q2 COMPARABLE NET REVENUES (NON-GAAP) ARE EXPECTED TO INCLUDE A 4% TO 5% CURRENCY HEADWIND.Q2 COMPARABLE OPERATING INCOME (NON-GAAP) IS EXPECTED TO INCLUDE A 5% TO 6% CURRENCY HEADWIND.  Full Article

Coca-Cola Co Files For Five-Part Notes Offering Of Up To $5.0 Billion
Wednesday, 25 Mar 2020 

March 24 (Reuters) - Coca-Cola Co ::COCA-COLA CO FILES FOR FIVE-PART NOTES OFFERING OF UP TO $5.0 BILLION - SEC FILING.  Full Article

Coca-Cola System In India Temporarily Suspends Production At Manufacturing Facilities
Tuesday, 24 Mar 2020 

March 24 (Reuters) - Coca-Cola India::IN COMPLIANCE WITH GOVERNMENT DIRECTIVE, COCA-COLA SYSTEM IN INDIA HAS TEMPORARILY SUSPENDED PRODUCTION AT MANUFACTURING FACILITIES.TO CATER TO CONSUMER DEMAND, CO OPERATING ITS MANUFACTURING FACILITIES "IN VERY SMALL NUMBER" COMPLYING TO LOCAL GOVERNMENT'S REGULATIONS.  Full Article

Coca-Cola Co Do Not Expect To Achieve Previously Provided Full Year Guidance
Friday, 20 Mar 2020 

March 20 (Reuters) - Coca-Cola Co ::COCA-COLA CO - DO NOT EXPECT TO ACHIEVE PREVIOUSLY PROVIDED FULL YEAR GUIDANCE..COCA-COLA CO - EXPECT TO PROVIDE AN UPDATE DURING OUR Q1 2020 EARNINGS RELEASE AND CALL.COCA-COLA CO - IMPACT OF COVID-19 OUTBREAK COULD BE MATERIAL.COCA-COLA CO - AT THIS STAGE, DO NOT FORESEE ANY NEAR-TERM DISRUPTIONS IN CONCENTRATE OR BEVERAGE BASE PRODUCTION.COCA-COLA CO - HAS ASKED MANY OFFICE-BASED EMPLOYEES TO WORK REMOTELY.COCA-COLA CO - WORKING CLOSELY WITH BOTTLING PARTNERS ON CONTINGENCY PLANNING FOR CONTINUOUS SUPPLY.  Full Article

The Coca-Cola Company Reaffirms Full Year Guidance And Provides Update On Expected Impact From Covid-19
Friday, 21 Feb 2020 

Feb 21 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY REAFFIRMS FULL YEAR GUIDANCE AND PROVIDES UPDATE ON EXPECTED IMPACT FROM COVID-19.STILL EXPECTS TO ACHIEVE ITS PREVIOUSLY PROVIDED FULL YEAR GUIDANCE.CHINA RANKS AS THIRD-LARGEST MARKET IN WORLD FOR COCA-COLA COMPANY IN TERMS OF UNIT CASE VOLUME.CURRENTLY ESTIMATES AN APPROXIMATE 2- TO 3-POINT IMPACT TO UNIT CASE VOLUME FOR Q1.COMPANY CURRENTLY ESTIMATES 1- TO 2-PENNY IMPACT TO EARNINGS PER SHARE FOR Q1 FROM COVID-19.CURRENTLY ESTIMATES 1- TO 2-POINT IMPACT TO ORGANIC REVENUE FOR Q1 FROM COVID-19.SITUATION WITH CORONAVIRUS - CONTINUES TO EVOLVE, AND CO EXPECTS TO PROVIDE MORE INFORMATION DURING ITS NEXT EARNINGS CALL IN APRIL.Q1 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $8.82 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $2.26, REVENUE VIEW $39.05 BILLION -- REFINITIV IBES DATA.  Full Article

Coca-Cola Raises Qtrly Dividend 2.5% TO 41 Cents/Share
Friday, 21 Feb 2020 

Feb 20 (Reuters) - Coca-Cola Co ::BOARD OF DIRECTORS OF THE COCA-COLA COMPANY ANNOUNCES 58TH CONSECUTIVE ANNUAL DIVIDEND INCREASE.COCA-COLA CO - RAISING QUARTERLY DIVIDEND 2.5 PERCENT FROM 40 CENTS TO 41 CENTS PER COMMON SHARE.  Full Article

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Back to refillables: Tesco targets plastic waste with online trial

LONDON Online shoppers at Tesco will be able to order ketchup and Coca-Cola in refillable bottles as part of a pilot service by Britain's biggest supermarket chain that aims to cut down on waste generated by plastic packaging.