Jefferies Cuts Price Target on Coca Cola (KO) Following 2Q and Guidance Revisions
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The Coca-Cola Company Reports Second Quarter 2016 Results
July 27, 2016 6:55 AM EDTReported net revenues declined 5% and organic revenues grew 3% in the quarter. Reported EPS was $0.79 and comparable EPS was $0.60 in the quarter. Global volume grew 1% year to date and was even in the quarter. Global price/mix grew 3% in the quarter, reflecting continued effective pricing and packaging initiatives across key markets. Reported operating margin expanded more than 390 basis points and comparable currency neutral operating margin expanded more than 140 basis points. Gained global value share in nonalcoholic ready-to-drink beverages.... More
The Coca-Cola Company Announces Continued Progress with North American Refranchising Initiative
July 27, 2016 6:45 AM EDTBottlers Sign New Letters of Intent for Territories in Two States
National Product Supply Group to Add Two Members, Including Newly Formed Regional Group that will Encompass Much of the Midwest
ATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today announced several agreements that continue the Companys progress in reshaping its North American bottling system.
Coca-Cola announced new letters of intent involving two bottlers. The National Product Supply Group (NPSG) which was formed to administer key activities for member bottlers, including production of cold-fill beverages also announced that it is expanding.
The new letters... More
