Coca-Cola Co

Coca-Cola on Tuesday reported quarterly revenue that beat analysts' expectations, driven by higher prices for its drinks.But those higher prices have hurt demand for Coke products like Simply Orange Juice and Fairlife Milk. Coke said its unit case volume, which strips out the impact of currency and price changes, fell 1% in its fourth quarter.Shares of the company were flat Tuesday.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share:…

President and CEO at Hallmark Media Wonya Lucas speaks onstage during Hallmark Media's star-studded kickoff of 'Countdown To Christmas' with a special screening of "A Holiday Spectacular" featuring the world famous Rockettes at Radio City Music Hall on October 20, 2022 in New York City.Mike Coppola | Getty ImagesWonya Lucas landed a job as the CEO of the Hallmark Channel with two directives: Keep its brand intact and disrupt its playbook. At the same time. Since mid-2020, Lucas has been the CEO of Hallmark Media, the…

A grocery store in New York.Wang Ying | Xinhua News Agency | Getty ImagesInflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn't budged.In the months ahead, the big question is whether consumers will start to feel relief, too.Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And shoppers found deeper discounts online and at…

CNBC's Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season."I'm sure there'll be many layoffs after Christmas. I don't want to finger-point at the retailers who're most likely to be thrown into bankruptcy when the holidays are over, but I do want people to realize that, in a way, our current high-inflation economy is a high-quality problem," he said.A growing number of companies across industries have curtailed their head counts this year in an effort to control their…

Pepsi soft drinks are displayed at a convenience store in San Francisco, California.Justin Sullivan | Getty ImagesPepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal.The layoffs will affect employees of its food and beverage businesses in Chicago; Plano, Texas and Purchase, New York, the Journal reported, citing people familiar with the matter and a company memo. PepsiCo's portfolio includes Gatorade drinks, Frito-Lay snacks and Quaker Oats foods.The company's beverage…

Orlando Ashford has been appointed chief people officer of Michael Rubin's sports business platform Fanatics.Source: FanaticsOrlando Ashford, known for holding senior level HR roles at Fortune 500 companies like Marsh & McLennan, Coca-Cola and Motorola, is joining Fanatics in a newly created role as companywide chief people officer, the sports business conglomerate announced Thursday.Ashford will report directly to both CEO Michael Rubin and CFO Glenn Schiffman.At Fanatics, he will be tasked with managing global human…

Check out the companies making headlines before the bell:Coca-Cola (KO) – Coca-Cola shares rose 2.9% in the premarket after the beverage giant' third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.General Motors (GM) – GM shares rallied 4.4% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain…

A Coca-Cola truck in New York City.Alexi Rosenfeld | Getty ImagesCoca-Cola is expected to report its third-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by Refinitiv are expecting:Earnings per share: 64 cents expectedRevenue: $10.52 billion expectedRival PepsiCo reported its results earlier this month and hiked its full-year outlook as higher prices fueled sales growth for drinks like Gatorade and Mountain Dew. Coke has similarly been raising prices to mitigate higher costs, but…

CNBC's Jim Cramer on Friday told investors that stocks will likely continue to do well as long as the economy holds up."Many companies have battened down the hatches, so to speak, and prepped for a recession. So if we don't get a severe slowdown, they will indeed keep flying," he said.He also previewed next week's slate of earnings. All earnings and revenue estimates are courtesy of FactSet.Monday: LogitechQ2 2023 earnings release at 9 p.m. ET; conference call on Tuesday at 8:30 a.m. ETProjected EPS: 85 centsProjected…

CNBC's Jim Cramer on Wednesday told investors to consider adding shares of well-established consumer packaged-goods companies to their portfolios."Nobody's championing what actually works: these old-line consumer packaged-goods names that we all know," he said.Cramer highlighted three companies' most recent quarterly results as examples of why investors should have such stocks on their shopping lists:"I bet we get something similar from Bristol-Myers, Coca-Cola and Eli Lilly ," he said.Cramer also reiterated two points…