Tag Archives: The Coca-Cola Company

Coca-Cola post strong Q1 results, driven by innovation and revenue management initiatives

The Coca-Cola Company said on Tuesday that first quarter revenue grew by 5% to $8.02bn (€6.17bn) from $7.6bn in 2018.

The company noted that concentrate sales growth of 1% and price mix growth of 5% in the first quarter were driven by consumer-centric innovation and solid revenue management initiatives in the marketplace.

Commenting on the results, the CEO of The Coca-Cola, James Quincey, said: “We’re encouraged by our first quarter results as our disciplined growth strategies continue to deliver strong underlying performance.

Coca-Cola introduces first Energy drink under its brand name

Coca-Cola Energy drink is set to make its debut in the UK in April as the soft drinks giant tries to appeal to younger demographics and diversify away from its namesake soda.

The Energy drink being rolled out will have two variants – with and without sugar.

Jon Woods, general manager of Coca-Cola Great Britain and Ireland, says: “Our strategy is to offer people a wide range of drinks to meet different lifestyles and occasions and Coca-Cola Energy is the latest example of that.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

Coca-Cola and bottling partners to boost recycling of PET in East, Southern Africa with $38m investment

Coca-Cola has announced new collection and recycling plans for PET plastic in Southern, East and Central Africa for the next three years.

The company, in partnership with its bottling and industry partners in the region, will invest around US$38m to boost recycling industries and educate consumers about recycling.

Coca-Cola revitalizes football with premier league partnership

Coca-Cola, at the weekend formally unveiled a new and exciting partnership with the English Premier League, the world’s number one football league.

Under the three-and-half-year deal, Coca-Cola joins the likes of EA Sports, Barclays, Cadbury, Carling, Nike and TagHeuer as the seventh official partner of the EPL.

With this partnership, Coca-Cola expands its already extensive sponsorship of football, having been title sponsor of the English Football League from 2004 to 2009 and supported the beautiful game through diverse global, regional and local activities over the years.

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.