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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 Updates Plans For Coca-Cola Beverages Africa
Monday, 20 May 2019 

May 20 (Reuters) - Coca-Cola Co ::COCA-COLA UPDATES PLANS FOR COCA-COLA BEVERAGES AFRICA, INCLUDING INTENT TO RETAIN MAJORITY STAKE IN BOTTLER.COCA-COLA CO - WITH RECLASSIFICATION, COCA-COLA DOES NOT EXPECT AN IMPACT TO ITS 2019 ORGANIC REVENUE AND COMPARABLE EPS GROWTH GUIDANCE.COCA-COLA CO - COCA-COLA ESTIMATES DEPRECIATION FOR CCBA AND AMORTIZATION EXPENSE FOR 2018 OF APPROXIMATELY $400 MILLION ON A COMPARABLE BASIS..COCA-COLA CO - COMPANY WILL PROVIDE RECLASSIFIED PRIOR YEAR FINANCIAL INFORMATION PRIOR TO Q2 EARNINGS RELEASE.COCA-COLA CO - WILL BEGIN PRESENTING FINANCIAL STATEMENTS OF CCBA WITHIN ITS RESULTS FROM CONTINUING OPERATIONS IN Q2 OF 2019.COCA-COLA CO - WITH RECLASSIFICATION, CO EXPECTS AN INCREASE IN 2019 GUIDANCE FOR CASH FROM OPERATIONS OF APPROXIMATELY $400 MILLION.COCA-COLA CO - HAS HAD DISCUSSIONS WITH A NUMBER OF POTENTIAL PARTNERS WITH REGARDS TO REFRANCHISING CCBA.COCA-COLA CO - WITH RECLASSIFICATION, CO ALSO EXPECTS INCREASE IN 2019 CAPITAL EXPENDITURES OF APPROXIMATELY $400 MILLION..COCA-COLA CO - CCBA HAS BEEN ACCOUNTED FOR AS A DISCONTINUED OPERATION SINCE COCA-COLA BECAME CONTROLLING SHAREOWNER IN OCTOBER 2017.  Full Article

Coca-Cola Reports First Quarter Earnings Per Share Of $0.38 From Continuing Operations
Tuesday, 23 Apr 2019 

April 23 (Reuters) - Coca-Cola Co ::COCA-COLA REPORTS SOLID OPERATING RESULTS IN FIRST QUARTER; REMAINS CONFIDENT IN FULL YEAR GUIDANCE.Q1 EARNINGS PER SHARE $0.38 FROM CONTINUING OPERATIONS.Q1 REVENUE $8.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.88 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.46 -- REFINITIV IBES DATA.QTRLY ORGANIC REVENUES (NON-GAAP) GREW 6%, INCLUDING A 2% BENEFIT FROM TIMING."WE'RE ENCOURAGED BY OUR Q1 RESULTS"."WE REMAIN CONFIDENT IN OUR FULL YEAR GUIDANCE".QTRLY UNIT CASE VOLUME GREW 2%.SEES 6% TAILWIND FROM ACQUISITIONS, DIVESTITURES AND STRUCTURAL ITEMS TO Q2 COMPARABLE NET REVENUES.COCA-COLA - GROWTH IN QTRLY UNIT CASE VOLUME WAS DRIVEN BY STRONG GROWTH ACROSS KEY MARKETS WITHIN ASIA AND EUROPE.SEES 4% TO 5% CURRENCY HEADWIND BASED ON CURRENT RATES AND INCLUDING IMPACT OF HEDGED POSITIONS TO Q2 COMPARABLE NET REVENUES.SEES 7% CURRENCY HEADWIND BASED ON CURRENT RATES AND INCLUDING IMPACT OF HEDGED POSITIONS TO Q2 COMPARABLE OPERATING INCOME.COCA-COLA - ESTIMATED 2 POINTS OF REVENUE GROWTH IN QUARTER ATTRIBUTABLE TO TIMING, RELATED TO BOTTLER INVENTORY BUILD IN ORDER TO MANAGE BREXIT UNCERTAINTY.UNIT CASE VOLUME IN QUARTER WAS PARTIALLY OFFSET BY A DECLINE IN ARGENTINA, MIDDLE EAST REGION AND NORTH AMERICA.QTRLY COMPARABLE EPS FROM CONTINUING OPERATIONS (NON-GAAP) GREW 2% TO $0.48.TIMING OF EASTER ALSO NEGATIVELY IMPACTED VOLUME GROWTH IN QUARTER.COCA-COLA - QTRLY UNIT CASE VOLUME IN NORTH AMERICA DECLINED 1%.  Full Article

Bodyarmor Says Plans To Defend Against Keurig Dr. Pepper's Claims
Thursday, 11 Apr 2019 

April 10 (Reuters) - Bodyarmor::BA SPORTS NUTRITION AND FOUNDER MIKE REPOLE RESPONDS TO LAWSUIT FILED BY KEURIG DR. PEPPER'S BOTTLING COMPANY.BODYARMOR - "GIVEN BELIEF THAT KDP WAS NOT IN SUPPORT OF ALLIED BRANDS STRATEGY", MADE DECISION TO DISTRIBUTE BODYARMOR THROUGH COCA-COLA NETWORK.BODYARMOR - PLANS TO DEFEND AGAINST KEURIG DR. PEPPER'S BOTTLING COMPANY CLAIMS.  Full Article

Coca-Cola Canada Announces $20 Mln Investment In Brampton Production Facility
Monday, 25 Mar 2019 

March 25 (Reuters) - Coca-Cola Canada::COCA-COLA CANADA - COCA-COLA, COCA-COLA ZERO SUGAR, DIET COKE AND SPRITE ARE NOW AVAILABLE RESEALABLE 250 ML MINI BOTTLE.COCA-COLA CANADA - $20 MILLION INVESTMENT IN BRAMPTON PRODUCTION FACILITY.  Full Article

Coca-Cola Says CEO James Quincey's 2018 Total Compensation Was $16.7 Mln
Thursday, 7 Mar 2019 

March 7 (Reuters) - Coca-Cola Co ::COCA-COLA CO - CEO JAMES QUINCEY'S 2018 TOTAL COMPENSATION WAS $16.7 MILLION VERSUS $10.6 MILLION IN 2017 - SEC FILING.COCA-COLA CO SAYS CHAIRMAN MUHTAR KENT'S 2018 TOTAL COMPENSATION WAS $9.8 MILLION VERSUS $14.8 MILLION IN 2017 – SEC FILING.COCA-COLA CO SAYS CFO KATHY WALLER'S 2018 COMPENSATION WAS $5.9 MILLION VERSUS $6.4 MILLION IN 2017.  Full Article

Coca-Cola Raises Dividend, To Buyback 150 Mln Additional Shares
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Coca-Cola Co ::BOARD OF DIRECTORS OF THE COCA-COLA COMPANY ANNOUNCES 57TH CONSECUTIVE ANNUAL DIVIDEND INCREASE.BOARD ALSO AUTHORIZES NEW SHARE REPURCHASE PROGRAM.APPROVED COMPANY'S 57(TH) CONSECUTIVE ANNUAL DIVIDEND INCREASE.BOARD AUTHORIZED A NEW SHARE REPURCHASE PROGRAM FOR 150 MILLION ADDITIONAL SHARES OF COMPANY'S COMMON STOCK..RAISING QUARTERLY DIVIDEND 2.6 PERCENT, FROM 39 CENTS TO 40 CENTS PER COMMON SHARE.NEW SHARE REPURCHASE PROGRAM WILL TAKE EFFECT AT CONCLUSION OF COMPANY'S CURRENT PROGRAM..  Full Article

Coca-Cola Co Reports Q4 EPS Of $0.18 From Continuing Operations
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Coca-Cola Co ::COCA-COLA REPORTS STRONG RESULTS FOR FOURTH QUARTER AND FULL YEAR 2018.Q4 EARNINGS PER SHARE $0.18 FROM CONTINUING OPERATIONS.Q4 COMPARABLE EPS FROM CONTINUING OPERATIONS (NON-GAAP) $0.43.Q4 EARNINGS PER SHARE ESTIMATE $0.43 -- REFINITIV IBES DATA.Q4 REVENUE $7.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $7.03 BILLION.ORGANIC REVENUES (NON-GAAP) GREW 5% FOR QUARTER AND FULL YEAR.SEES APPROXIMATELY 4% GROWTH IN ORGANIC REVENUES (NON-GAAP) IN 2019.FOR QUARTER, UNIT CASE VOLUME GROWTH WAS EVEN.SEES 12% TO 13% GROWTH IN COMPARABLE CURRENCY NEUTRAL NET REVENUES (NON-GAAP) IN 2019.SEES FY2019 CAPITAL EXPENDITURES (EXCLUDING DISCONTINUED OPERATIONS) APPROXIMATELY $2.0 BILLION.SEES 2019 COMPARABLE EPS FROM CONTINUING OPERATIONS (NON-GAAP) DOWN 1% TO UP 1% VERSUS $2.08 IN 2018.SEES 6% TO 7% TAILWIND FROM ACQUISITIONS, DIVESTITURES AND STRUCTURAL ITEMS FOR ADJUSTED COMPARABLE NET REVENUES IN Q1.Q1 2019 WILL HAVE ONE LESS DAY COMPARED TO Q1 2018.SEES Q1 COMPARABLE NET REVENUES (NON-GAAP) HAVING 6% TO 7% TAILWIND FROM ACQUISITIONS, DIVESTITURES AND STRUCTURAL ITEMS.SEES Q1 COMPARABLE OPERATING INCOME (NON-GAAP) HAVING 10% TO 11% CURRENCY HEADWIND BASED ON CURRENT RATES.IN EUROPE, MIDDLE EAST & AFRICA, PRICE/MIX DECLINED 1% FOR QUARTER, PRIMARILY DUE TO NEGATIVE GEOGRAPHIC MIX.  Full Article

Coca-Cola Consolidated Inc And Coca-Cola Company Enters Into An Incidence Agreement
Wednesday, 6 Feb 2019 

Feb 5 (Reuters) - Coca-Cola Consolidated Inc ::CO AND COCA-COLA COMPANY ENTERED INTO AN INCIDENCE AGREEMENT.TERM OF INCIDENCE AGREEMENT COMMENCES ON APRIL 1, 2019 AND WILL TERMINATE UPON TERMINATION OF CBA- SEC FILING.AGREEMENT AMENDS EXISTING EXPANDING PARTICIPATING BOTTLER REVENUE INCIDENCE AGREEMENT WITH COCA-COLA COMPANY, SEPT 23, 2015.  Full Article

Whitbread Q3 Sales Rise 2.5 Pct
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Whitbread PLC ::WHITBREAD PLC - THIRD QUARTER TRADING UPDATE.WHITBREAD PLC - TOTAL Q3 SALES GROWTH OF 2.5% AND STRONG PROGRESS WITH EFFICIENCY PROGRAMME.WHITBREAD PLC - SALE OF COSTA TO COCA-COLA COMPANY FOR £3.9BN COMPLETED ON 3 JAN 2019, AHEAD OF SCHEDULE.WHITBREAD PLC - INITIAL £500 MILLION SHARE BUYBACK PROGRAMME COMMENCING TODAY.WHITBREAD PLC - OVER 2,000 NEW ROOMS ADDED IN FY19 SO FAR AND OCCUPANCY REMAINED HIGH AT OVER 80%.WHITBREAD PLC - EXPECT TO DELIVER FY19 RESULTS IN-LINE WITH EXPECTATIONS.WHITBREAD PLC - REMAIN CAUTIOUS ON UK ENVIRONMENT NEXT YEAR GIVEN UNCERTAINTY AND HIGHER INFLATION.WHITBREAD PLC - FY20 UNDERLYING PROFIT BEFORE TAX EXPECTED TO BE CONSISTENT WITH THIS YEAR, AS WE CONTINUE TO INVEST IN UK & INTERNATIONAL GROWTH.WHITBREAD PLC - PREMIER INN HAS MADE GOOD PROGRESS THIS YEAR, GROWING TOTAL SALES BY 2.5%.WHITBREAD PLC - UK BUSINESS ACHIEVED TOTAL ACCOMMODATION SALES GROWTH OF 3.5% IN Q3.WHITBREAD PLC - PERFORMANCE IN QUARTER REFLECTS A STRONG CENTRAL LONDON MARKET AND A WEAK REGIONAL MARKET.WHITBREAD PLC -FEBRUARY 2020 FY GERMAN LOSSES EXPECTED TO BE APPROXIMATELY £12 MILLION AS WE INVEST TO SUPPORT C.2,500 ROOMS THAT WILL OPEN DURING FY20.WHITBREAD PLC -FEBRUARY 2020 FY EXPECTED TO DELIVER SAVINGS OF £40-50 MILLION, BUT £20-30 MILLION LOWER THAN HIGHER COST INCREASES OF APPROXIMATELY £70 MILLION.  Full Article

The Coca-Cola Company Announces Loan Agreement With Ioniqa Technologies
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY ANNOUNCES LOAN AGREEMENT WITH IONIQA TECHNOLOGIES TO TRANSFORM HARD-TO-RECYCLE PLASTIC WASTE INTO HIGH-QUALITY, FOOD-GRADE PET.COCA-COLA CO - AGREEMENT DESIGNED TO ACCELERATE DEVELOPMENT & DEPLOYMENT OF HIGH-GRADE RECYCLED CONTENT PET FOR USE IN BOTTLES USED BY CO.COCA-COLA CO - A 10 KMT INDUSTRIAL PLANT IS UNDER CONSTRUCTION IN NETHERLANDS FOR COMMISSIONING IN 2019.  Full Article

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Olympics: China Mengniu Dairy, Coca-Cola sign Olympic deal to 2032

LAUSANNE, Switzerland China Mengniu Dairy and Coca-Cola have signed a multi-year global Olympic deal as joint beverages and dairy sponsors starting from 2021 until 2032, the International Olympic Committee (IOC) said on Monday.