Tag Archives: Coca-Cola Company

Coca-Cola full year revenue fall on refranchising costs, currency headwinds

Beverage giant Coca-Cola on Thursday announced its results for full year 2018. The company reported a 10% decline in revenue to $31.9bn, down from $35.4bn in 2017, with sales falling 6% in the fourth quarter to $7.1bn. The company blamed the decline on costs associated with bottler refranchising of company owned operations and currency headwinds.

Coca-Cola to launch Orange Vanilla Coke flavour in the US

The Coca-Cola Company has announced it will launch its first new trademark Coca-Cola flavour in the US in more than a decade.

The beverage giant said that the new trademark Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar will be available as of 25 February.

Speaking on the launch, Coca-Cola Brand Director, Kate Carpenter, said “We wanted to bring back positive memories of carefree summer days.

Coca-Cola takes 100% ownership of CHI Limited

Coca-Cola has taken full ownership of CHI Limited.

In a statement issued on Wednesday, the soft drinks giant said that it has acquired the remaining 60% stake in CHI it does not already own.

Coca-Cola, NBC shine at 2018 SERAS Awards

Coca-Cola Nigeria Ltd and its sister company, the Nigerian Bottling Company Ltd (NBC) have emerged winners at the 12th Annual Sustainability, Enterprise Responsibility (SERAS) Awards. Coca-Cola won the best company in the Good Health and Well-being Category.

The company was recognised for its Safe Birth Initiative (SBI), aimed at tackling the high rate of maternal and newborn deaths in Nigeria.

Coca-Cola Chairman Muhtah Kent to step down in April 2019

Muhtar Kent, the long-serving former CEO and current Chairman of the Coca-Cola Company will step down from his role in April 2019 after 41 years of illustrious service to the company.

James Quincey, the current president & CEO will add chairman to his job title while giving up the title of president following the company’s annual meeting in April 2019. Brian Smith, who was previously announced, will become the President & Chief Operating Officer of the company on 1st January 2019.

Coca-Cola in Kenya looking to sell 10 year old facility

Coca-Cola based in Nairobi, Kenya is seeking a buyer or renter for its Nairobi Upperhill facility at a cost of Sh1.03 billion Kenyan shillings.

The four acres facility which was built in 2008 for Sh700 million ($10 million) acts as Coca-Cola headquarters in East and Central Africa which oversees operations in 14 African countries.

Coke to launch Energy drinks under its name

The Coca-Cola Company (TCCC) announced on Thursday it plans to launch its own Energy drinks under its trademark name.

In an e-mail statement, the soft drinks giant said the new drinks would be called “Coca-Cola Energy” and “Coca-Cola Energy No Sugar.” The company has not said when the drinks would become available in the market.

The announcement signals yet another move by the soft drinks maker to diversify away from its mainstay sugary drinks.

Coca-Cola, FG partner to launch N4bn ‘Safe Birth Initiative’ to tackle high infant mortality and maternal rates

The Coca-Cola Company has partnered the Federal Government to launch an initiative worth N4bn to address the country’s high infant mortality and maternal rates.

The initiative tagged ‘Safe Birth initiative’ (SBI), which is also done in conjunction with the Office of the Senior Special Assistant to the President on Sustainable Development Goals (SDGs) and Medshare International Inc, a non-Governmental organisation donated four units of 40’ foot shipping containers of life-saving medical equipment for the inaugural project to the National Hospital, Abuja.

Coca-Cola third quarter profit lifted by innovation, revenue growth management initiatives

Coca-Cola on Tuesday reported its third quarter results for 2018, with the soda giant posting a profit growth of 30% to $1.9bn from $1.4bn in the previous year, and $5.6bn profit in the nine months to the end of September, a 39% increase.

The company said that the profit growth was driven by continued innovation and revenue growth management initiatives within sparkling soft drinks, with double digit volume growth of Coca-Cola Zero sugar across all groups. In addition to sparkling soft drinks, the company said it saw strong performance for brands like fuze tea and smartwater.

Coca-Cola targets Q1 2019 to complete acquisition of Nigerian juice maker Chi Ltd

Atlanta-based Coca-Cola said on Wednesday it is on track to complete the acquisition of Nigeria’s largest juice maker, Chi Limited by the first quarter of 2019.

In a wide ranging interview with Reuters in Lagos, the soda giant reaffirmed its plans to acquire the remaining 60% stake in Chi Ltd it doesn’t already own as it seeks to diversify its product offerings from its core sugary drinks.