Coca-Cola records sparkling Q2 result in China

In the second half of 2020, Swire Coca-Cola China plans to put six new production lines into operation, which represent a total investment of 250 million yuan and an annual output value of more than 1.7 billion yuan. Among which, Swire Coca-Cola Guangdong plant officially started two new production lines in Huizhou in July and […]

Coca-Cola signals recovery after “most challenging” quarter due to COVID-led closure

Coca-Cola Co said on Tuesday demand for its sodas was improving after reporting a 28% slump in sales in one of its “most challenging” quarters of the year due to coronavirus-led closures of restaurants, theaters and sports venues. Shares of the world’s largest soda maker rose about 2% before the bell as it also beat […]

Coca-Cola predicts recovery after ‘most challenging’ quarter

Coca-Cola generates a sizeable portion of its revenues by selling its soft drinks and concentrates to restaurants and theater operators, such as McDonald’s Corp (MCD.N) and AMC Entertainment Holdings Inc (AMC.N), but most of them had to close some or all of their operations due to the health crisis.

Coca-Cola results hit by halt to pro sports, live events

In this file photo cases of Coca-Cola are seen on a grocery shelf April 30, 2016 in Gainesville, Virgina. Coca-Cola reported a steep drop in second-quarter profits on July 21, 2020 due to a big decline in away-from-home consumption, especially at the height of the coronavirus lockdowns. The results underscored the soda maker’s reliance for […]

Coca Cola gives up on social media advertising entirely

After a tumultuous week of companies announcing plans to abandon Facebook for the month of July in a growing boycott, founder Mark Zuckerberg seemingly caved to the pressure, announcing Friday that the social media platform will begin “prohibiting a wider category of hateful content in ads.” But it is clear the changes Zuckerberg announced are […]

Coca-Cola revenue falls about 29% as lockdowns crimp soda sales

(Reuters) – Coca-Cola Co (KO.N) reported a 28.5% drop in quarterly revenue on Tuesday as sales of its trademark sodas were battered by the closure of restaurants, theaters, and sporting venues due to the COVID-19 pandemic.

Coca-Cola is launching a Topo Chico hard seltzer

The category is growing at a fast pace, leading to new hard seltzer launches across several brands. In May, Anheuser-Busch launched Social Club Seltzer, a premium seltzer with cocktail flavors, like an Old Fashioned, which is typically made with whiskey, a sugar cube and bitters.

Notorious “scan-to-email” patents go big, sue Coca-Cola and Dillard’s

The complaints describe the IT infrastructure of each company, apparently based on publicly available information. In the case of Coca-Cola for instance, MPHJ says the company transmits “electronic images, graphics and/or documents via a communications network from a network addressable scanner, digital copier, or other multifunction peripheral,” which allegedly infringes MPHJ’s patents. Coca-Cola uses a […]

Coca-Cola, IBM power Dow higher as Wall Street watches stimulus talks

There are still substantial disagreements between the White House and Senate GOP over funding for coronavirus testing and a payroll-tax cut favored by President TrumpDonald John TrumpDHS expands authority of personnel to collect information on people threatening monuments: report GOP signals Trump’s payroll-tax cut in Republican coronavirus bill — for now Trump threatens to double […]

Major Georgia companies including Coca-Cola, Delta call for hate crime legislation in wake of Ahmaud Arbery’s death

The bill, sponsored by Georgia Rep. Chuck Efstration, a Republican from Dacula, would allow stiffer sentences for anyone convicted of targeting a victim based on their race, color, religion, gender,  sexual orientation, mental disability or physical disability.