Coca-Cola HBC AG, the distinguished growth-focused Consumer Packaged Goods business and strategic bottling partner of The Coca-Cola Company, has unveiled its financial accomplishments for the year ending December 31, 2023. With a stellar performance that showcases a 16.9% organic revenue growth, the company’s achievements are a testament to its robust 24/7 strategy and a focused […]
In the third quarter of 2023, The Coca-Cola Company highlighted its financial trajectory by reporting a net revenue growth of 8% to reach $12.0 billion. Additionally, organic revenues (non-GAAP) saw an 11% upsurge. James Quincey, the Chairman and CEO, commented, “We delivered an overall solid quarter and are raising our full-year topline and bottom-line guidance […]
Coca-Cola Europacific Partners plc (CCEP) and Aboitiz Equity Ventures Inc. (AEV) have announced their intention to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBPI) from The Coca-Cola Company (KO). The proposed acquisition, valued at US$1.8 billion (on a debt-free cash-free basis), aims to solidify Coca-Cola Europacific Partners’ position as the world’s largest Coca-Cola bottler by revenue […]
The Coca-Cola Company has reported a strong performance for Q2 2023, indicating sustained momentum in a fluctuating operating landscape. The net revenues witnessed a 6% growth, reaching $12.0 billion, while the organic revenues (non-GAAP) grew by 11%. The revenue growth was bolstered by a 10% increase in price/mix and a 1% growth in concentrate sales, […]
Swire Coca-Cola, a wholly-owned subsidiary of Swire Pacific, has acquired the bottling business of Cambodia Beverage Company, marking the company’s first foray into the Southeast Asian beverage market. Cambodia Beverage Company is a subsidiary of Coca-Cola in Cambodia and employs approximately 900 people. Patrick Healy — Swire Coca-Cola Chairman said: “The completion of the Cambodia […]
Coca-Cola Q2 2022 results : The Coca-Cola Company has reported a net income of $1.9 billion in the second quarter of 2022, a decrease of 27%, compared to $2.62 billion in the same quarter of the previous year. The diluted net income per share of the American soft drinks giant was $0.44 in the reported […]
Constellation Brands and The Coca-Cola Company are joining forces to bring out an alcoholic version of the FRESCA soft drink brand in the form of FRESCA Mixed. In this connection, the two firms have signed a brand authorization agreement for the manufacturing, marketing, distribution, and launch of the new alcoholic beverage. According to Constellation Brands, […]
The Coca-Cola Company has acquired full ownership of American sports performance and hydration beverages brand BODYARMOR by acquiring the 85% stake it previously didn’t own in an all-cash deal worth $5.6 billion. The soft drinks giant had acquired a 15% stake in BODYARMOR in 2018 with a direction to buy out the remaining stake based […]
Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) has agreed to acquire a stake of 30% in Italian coffee company Casa Del Caffè Vergnano (Caffè Vergnano) for an undisclosed price. The Switzerland-based Coca Cola anchor bottler will acquire the stake through its fully-owned subsidiary CC Beverages Holdings II. Additionally, Coca-Cola HBC has entered into an exclusive distribution […]
The Coca-Cola Company has signed a five-year agreement with Microsoft to standardize its business operations on the latter’s cloud and generate rich new digital experiences that will offer innovative solutions to modernize how the soft drinks giant engages with its employees and customers. With this agreement, the firms will use the capabilities of Microsoft Azure, […]