The company has witnessed "solid growth" in sparkling soft drinks in the markets of China and India in the October-December quarter of 2020, The Coca-Cola Company said in its earnings statement
Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a pandemic-hammered 2020
The company responsible for more plastic pollution than any other, according to the Break Free From Plastic Campaign,
Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online
The cumulative impact of the Covid-19 induced crises in India and South Africa led to a 10 per cent drop in its bottling business
Coke was likely looking to get into the booming hard seltzer market before its revenue plunged 28per cent in the second quarter due to the coronavirus outbreak.
Unlike his predecessor, Ray will head a unit that is strategically more important to the parent company and will report directly to top executives at the firm's headquarters
With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption
The Gurgaon-headquartered unit will also see changes in its top leadership
Half of Coca-Cola's sales come from stadiums, movie theaters and other places where people gather in large numbers venues that have been closed during the coronavirus pandemic
The broadcaster has ruled out any cut in the premium it charges for IPL advertising
Shutdowns are in place in at least 14 states in the country to tackle the spread of the coronavirus
Global volume offtake dropped 16 per cent year-on-year (YoY) and its aerated drinks business fell 12 per cent YoY, with the lockdown being the major factor.
The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.
Coke's revenue fell to $7.2 billion, matching expectations. The company's shares rose 2% before the opening bell Tuesday
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