The Coca-Cola Company reported a 1% drop in net revenue for the first quarter of 2020, with further disruption due to the global coronavirus pandemic expected to continue depressing sales in the months ahead.
As the effects of the global COVID-19 pandemic continue to ripple across all facets of economic and social life, even the most reliable of blue-chip beverage corporations are having to adapt to new realities.
DASANI, the no. 1 mainstream water brand in the United States, has announced a robust pipeline of sustainable packaging innovations in support of The Coca-Cola Company’s global “World Without Waste” goal to make its bottles and cans with an average of 50 percent recycled material by 2030.
The Coca-Cola Company received a favorable decision in its arbitration hearing with Monster Energy Corp., paving the way for the soda giant to expand its new energy drink, Coca-Cola Energy, into markets worldwide.
The International Brotherhood of Teamsters claimed today that strategic decisions made by Coca-Cola bottler and distributor Reyes Coca-Cola Bottling (RCCB) “have created significant disruption in the quality of service” for customers in Southern California, according to the results of a survey of over 100 retailers.
Snack and non-alcoholic beverages sales were up 4.1 percent in the four-week period ending on December 1, according to an analysis of Nielsen data by Wells Fargo Securities. The all channel report showed growing sales of carbonated soft drink (CSDs) across the category’s major players, including The Coca-Cola Company, PepsiCo, and Keurig Dr Pepper (KDP).
Coca-Cola president and CEO James Quincey was today named the company’s new chairman, assuming the role from his predecessor as chief executive, Muhtar Kent. Kent, a 40-year veteran of the company, will remain as chairman until April when he will formally retire following the company’s 2019 annual meeting.
Coca-Cola Canada Bottling Limited announced today that it has closed on a transaction to acquire Coca-Cola Refreshments Canada (CCRC) from The Coca-Cola Company. This closing comes six months after The Coca-Cola Company announced a letter of intent with the Tanenbaum and Bridgeman families, concluding a broader plan to refranchise all Company-owned bottling operations in North America to strong, independent franchise owners.
The Coca-Cola Company today announced it has reached an agreement for the acquisition of London-based coffee company Costa Limited. The deal, valued at $5.1 billion, is the largest brand acquisition in the company’s history and is expected to close in the first half of 2019.
The Coca-Cola Company has purchased cult favorite soda brand Moxie from independent bottler Coca-Cola of Northern New England (CCNNE) for an undisclosed sum, the company announced today. The transaction is expected to close in the fourth quarter.