INSIDER
Coca-Cola overcomes falling demand in North America and puts up strong fourth quarter sales
Read full article: Coca-Cola overcomes falling demand in North America and puts up strong fourth quarter salesCoca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-December period.
Georgia Gov. Kemp signs GOP election bill amid an outcry
Read full article: Georgia Gov. Kemp signs GOP election bill amid an outcryJackson says Coca-Cola and other large Georgia companies haven't done enough to oppose restrictive voting bills that Georgia lawmakers were debating as Jackson spoke (AP Photo/Jeff Amy)ATLANTA – Georgia Gov. Democrats and voting rights groups say the law will disproportionately disenfranchise voters of color. Kemp signed the bill less than two hours after it cleared the Georgia General Assembly. “The Republican voters I know find this despicable, Republican voters, the folks outside this White House. The Georgia law requires a photo ID in order to vote absentee by mail, after more than 1.3 million Georgia voters used that option during the COVID-19 pandemic.
Coca-Cola laying off 2,200 workers as it pares brands
Read full article: Coca-Cola laying off 2,200 workers as it pares brandsThe Coca-Cola Co. said Thursday, Dec. 17, 2020, its laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. (AP Photo/Steven Senne, File)The Coca-Cola Co. said Thursday it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. The Atlanta-based company said around half of the layoffs will occur in the U.S., where Coke employs around 10,400 people. The coronavirus pandemic has hammered Coke’s business, as sales at places like stadiums and movie theaters dried up due to lockdowns. It shed multiple slow-selling brands this year, including Tab, Zico coconut water, Diet Coke Fiesty Cherry and Odwalla juices.
Coca-Cola recovery continues as it grows leaner in pandemic
Read full article: Coca-Cola recovery continues as it grows leaner in pandemicThe Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. (AP Photo/Gene J. Puskar, File)Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. The company saw sales improve in India, Brazil and Japan in the third quarter, for example, but Mexico's recovery has been below expectations. Topo Chico Hard Seltzer — a boozy version of a popular Mexican mineral water — is a rare foray into alcohol for Coke. Topo Chico Hard Seltzer is already sold in a handful of cities in Latin America.
Small cans resulting in big sales for Coca-Cola
Read full article: Small cans resulting in big sales for Coca-ColaThe company reported sales that topped forecasts, thanks in part to a double-digit increase in volume for its 7.5-ounce mini cans. The company also said that its Coca-Cola Zero Sugar brand posted double-digit sales growth. Coke changed the name of its Coke Zero product to Coca-Cola Zero Sugar a few years ago. The company said Friday that Coca-Cola Energy and Coca-Cola Energy Cherry will be available in the US in January and that there will be zero-calorie versions of them as well. Coca-Cola Energy debuted in Spain and Hungary earlier this year and the company said it is now available in more than 25 countries.