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Muhtar Kent

Coke Meets 1Q EPS Views, Sales Narrowly Beat

Coca-Cola (NYSE:KO) reported in-line first-quarter earnings on Tuesday as consumers in emerging markets sipped more Coke beverages, helping to offset a slowdown in Europe.     The Atlanta-based soda and juice giant reported net income of $1.62 billion, or 36 cents a share, compared with a year-earlier profit of $1.75 billion, or 39 cents.Excluding one-time items, Coca-Cola said it earned 44 cents, matching average analyst estimates in a Thomson Reuters poll.Revenue for the three months ended March 28 was $ 10.58 billion, down from $11 billion a year ago as volumes slumped 4% in Europe and stayed flat in its key North American market.However, sales were just above the Street's view of $10.55 billion as the company gained both global volume and value share in nonalcoholic ready-to-drink beverages and grew worldwide volumes by 2% due to rebounding demand in emerging markets including Brazil and China."Our growth momentum is steadily improving in line with our expectations," Coca-Cola CEO ...

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  1. Coca-Cola Profit Rises; CEO Notes EM Volatility

    Coca-Cola Co. said Tuesday its third-quarter profit rose to $2.45 billion, or 54 cents a share, from $2.31 billion, or 50 cents a share, in the year-ago period. Adju...

  2. Coke Sinks, Revenues Miss

    Weighed down by structural changes, currency headaches and soft volume growth, Coca-Cola (NYSE:KO) revealed weaker-than-expected second-quarter sales on Tuesday and ...

  3. Coca-Cola Second-quarter Earnings Down 4%

    Coca-Cola Co. on Tuesday said second-quarter net income fell to $2.68 billion, or 59 cents a share, from $2.79 billion, or 61 cents a share, in the same period a yea...

  4. Coca-Cola Opens Myanmar Bottling Plant

    Taking its first major step in Myanmar after the lifting of U.S. sanctions, Coca-Cola (NYSE:KO) launched bottling operations in the country on Tuesday for the first ...

  5. Coca-Cola Takes More Steps in Global Campaign Against Obesity

    Coca-Cola Co. (KO) plans to offer low- and no-calorie drinks in every market in the world and put calorie counts on the front of all drinks it sells globally in the ...

  6. Mexico's Coke Femsa Interested in U.S. Distribution Rights

    An executive at Coca-Cola Femsa SAB (KOF), the largest soft drink bottler in Latin America, said Wednesday that the company is keen to study the possibility of acqui...

  7. Coca-Cola looks to more diverse board

    Coca-Cola Co added on Wednesday the head of a poverty-fighting group to its board, part of move to diversify its aging panel of directors that Chief Executive Muhtar...

  8. Coke Shares Surge on Strong 1Q Results

    Coca-Cola (NYSE:KO) revealed a smaller-than-expected decline in first-quarter profit on Tuesday and said global volumes improved in major developed markets like the ...

  9. Coca-Cola reports lower profit, U.S. bottler deal

    Coca-Cola Co reported a slightly higher-than-expected quarterly profit on Tuesday and announced a deal to unload some distribution territory to five independent U.S....

  10. Coca-Cola CEO Kent's 2012 Compensation Rises 4.6% to $30.5 Million

    Coca-Cola Co. (KO) Chairman and Chief Executive Muhtar Kent's total compensation rose 4.6% to $30.5 million in 2012, boosted by an increase in the value of his pensi...

  11. Coca-Cola 4th-Quarter Net Up 13% on Higher Case Volume

    Coca-Cola Co. (KO) disappointed investors with weak four-quarter results challenged by ongoing macroeconomic issues in Europe and China and a "lukewarm" recovery in ...

  12. Coke Beats on Profit, Misses on Revenue

    Coca-Cola (NYSE:KO) narrowly topped estimates on Tuesday with a 13% jump in fourth-quarter profits, but the world's largest beverage maker disclosed weaker-than-expe...

  1. Coca-Cola Announces New Bottling Deals

    Coca-Cola Co (NYSE:KO) on Friday announced deals to sell bottling operations in Greater Chicago and Central Florida, as it slowly undoes its 2010 purchase of its Nor...

  2. Coca-Cola Taps New CFO, Hikes Dividend

    Blue-chip beverage giant Coca-Cola (NYSE:KO) revealed a 9% bump to its quarterly dividend on Thursday and also announced the retirement of its longtime chief financi...

  3. Coca-Cola's 4Q Profits Fizzle 8% as Sales Dip

    Coca-Cola (NYSE:KO) disclosed on Tuesday an in-line 8% drop in fourth-quarter profits as the world's largest beverage maker was hurt by restructuring costs and weake...

  4. Coke, Green Mountain Coffee Partner Up

    Coca-Cola (KO) on Tuesday announced it has taken a 10% stake in Green Mountain Coffee Roasters (NASDAQ: GMCR) worth $1.25 billion and will use its powerful global br...

  5. Davos Prepares for Annual Parade of Powerbrokers

    The annual Davos gathering, which draws thousands of the world's most powerful people, will this year welcome more than 40 heads of state and government to focus on ...

  6. Coca-Cola Reveals Management Shake-Up

    Beverage giant Coca-Cola (NYSE:KO) announced on Friday the sudden departure of Americas chief and onetime CEO candidate Steve Cahillane. The world's largest beverage...

  7. Coke's 3Q Profits Rise 5.9%, Meet Views

    Coca-Cola (NYSE:KO) logged an in-line 5.9% increase in third-quarter earnings on Tuesday, but the iconic beverage maker's global volume growth trailed forecasts amid...

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