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Coca-Cola makes about half of its revenue by selling its soft drinks at public venues and their closure had forced it to offer voluntary job cuts to about 4,000 workers in the United States.
The beverage behemoth posted $11.30 billion in first-quarter revenue on Tuesday, exceeding Wall Street’s $10.96 billion expectations, even as it grappled with a modest case volume growth of only 1%.
Coca-Cola has also been rolling out new products such as Coca-Cola Plus Coffee, a blend of its trademark soda with coffee in more than 20 markets, as well as drinks in small but high-margin packs ...
Coca-Cola FEMSA is the anchor bottler of Coca-Cola and its related soft drink products in much of Latin America. The company is an important part of the Coca-Cola System. During 2019, the company produced and sold 11.1% of Coca-Cola's volume worldwide. This makes it the largest Coca-Cola bottler in the world. [39]
Coca-Cola is the best-selling soft drink in most countries, and was recognized as the number one global brand in 2010. [94] While the Middle East is one of the few regions in the world where Coca-Cola is not the number one soda drink, Coca-Cola nonetheless holds almost 25% market share (to Pepsi's 75%) and had double-digit growth in 2003. [95]
Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE". The acquisition closed on October 3, 2010. [17] [18]
Yahoo Finance’s Emily McCormick joins The First Trade to discuss Coca Cola and Lockheed Martin's second quarter earnings report.
On May 23, 2022, Coca-Cola announced it would stop carrying Honest tea beverages as of December 31, 2022. [ 1 ] [ 9 ] Coca-Cola decided it would only carry two brands of tea, Gold Peak Tea and Peace Tea , because they are "best positioned to meet consumer preferences for high-quality brewed teas with different levels of sweetness and flavor".