Coca-Cola Co

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. The retail giant said if the trend continued, it would soon contend with deflation in some of those key household categories, which would be a…

Jame Quincey, CEO of Coca-Cola Co., speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBCInflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday.Coke reported its fourth-quarter results Tuesday, and said higher prices helped the company beat Wall Street's estimates for its quarterly sales. But Coke's price hikes have slowed from the last two years' double-digit…

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 49 cents expectedRevenue: $10.68 billion expectedInvestors are expecting another strong quarter from Coke. Like many other food and beverage companies, Coke has seen demand for its products drop after it raised…

Spirits on display in a UK bar in Cardiff, United Kingdom.Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday.U.S. spirits revenue grew only a modest 0.2% last year to $37.7 billion, according to the Distilled Spirits Council of the U.S. annual economic report. Although the industry gained little total revenue, it outpaced beer and wine sales by…

Attendees hold large Pride flag at the 2023 LA Pride Parade on June 11, 2023 in Hollywood, California. (Photo by Rodin Eckenroth/Getty Images)Rodin Eckenroth | Getty ImagesIn a year stained by boycotts, protests and heightened consumer choice, hundreds of companies came through for LGBTQ+ equality, according to a leading advocacy group.The Human Rights Campaign Foundation awarded 545 companies with a perfect score on its annual Corporate Equality Index, which evaluates U.S. based companies that opt into the survey on…

Red Bull's Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023.Amanda Perobelli | ReutersRed Bull Racing's dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team's principal and CEO, Christian Horner, told CNBC."There's an old adage of, 'Win on Sunday and sell on Monday.' Well, what we do for the Red Bull brand, for the energy drink in advertising the product globally for 23 race weekends a year, we're the biggest marketing impact that…

A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.Jeoffrey Guillemard | Bloomberg | Getty ImagesFor two years, Coca-Cola has been raising prices on its drinks to combat higher costs. But the company said Wednesday it's done hiking prices this year in developed markets like the U.S. and Europe.Coke follows the lead of rival PepsiCo, which said in February it wouldn't raise prices beyond its usual hike for beverages in the fourth quarter. Both companies have reported strong…

Bottles of Coca Cola displayed at a grocery store on April 24, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesCoca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates.Shares of the company rose 2% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: 78 cents adjusted vs. 72 cents expectedRevenue: $11.97 billion adjusted vs. $11.75 billion…

The World Health Organization reaffirmed its recommended intake of aspartame Thursday, but the agency's classification of the sweetener as a possible carcinogen could still scare away diet soda drinkers and lead to new beverage formulas.Soda consumption has fallen over the past two decades as consumers have switched to drinking more water or picking beverages with less sugar. However, diet sodas have been a bright spot for the category in recent years.Although full-calorie options still dominate the soda segment, diet…

Logan Paul and KSI pose with Prime hydration bottles prior to a regular season game between the Arizona Diamondbacks and Los Angeles Dodgers on March 31, 2023, at Dodger Stadium in Los Angeles, CA. (Photo by Brandon Sloter/Icon Sportswire via Getty Images)Brandon Sloter | Icon Sportswire | Getty ImagesWASHINGTON — Senate Majority Leader Chuck Schumer is calling on the Food and Drug Administration to look into a sports energy drink founded by social media influencers that has become popular with kids and teens.Prime,…