CocaCola

For two decades, no company better embodied the promise of the stock market than Apple Inc. Its transformation from niche computer maker to the most valuable corporation on the planet made its shares a cornerstone of investment portfolios worldwide.But in what seems like a blink of an eye, Apple's sheen is starting to fade. Artificial intelligence is the story in technology now, driving the growth that the company used to count on from selling its gadgets and services to eager consumers across the globe. This has Apple…

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…

In North Carolina, “unaffiliated” voters outnumber registered Democrats who, in turn, outnumber registered Republicans — yet Republicans hold not just a slim majority, but a veto-proof one in both chambers of the state’s General Assembly. That veto-proof majority is what allowed Republicans to pass an abortion ban last year that 45 percent of North Carolina voters oppose and only 23 percent support. How is that possible? And why is it the case that Republicans have been able to wield such power, not just in North…

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…

Tastes of Bitter Defeat and Salt In the latest million-dollar handshake between gaming and branding, Coca-Cola has announced that it is partnering with Riot Games to produce a limited edition variant of its soda, themed after the studio’s juggernaut MOBA League of Legends. The “Ultimate Coca-Cola Zero Sugar” drink is part of the corporation’s “Creations” line, which has seen the drink-maker partner with various brands and personalities to produce exclusive, limited-time variants of the beverage. Previous campaigns have…

Coca-Cola is trialing technology in Europe that turns hard-to-recycle plastic into new bottles, as part of its effort to meet its sustainability goals.  The company’s biggest European bottler, Coca-Cola Europacific Partners, is funding a startup in the Netherlands that will produce food-grade recycled plastic from plastics that usually get sent to landfill or are incinerated—such as films, trays, clothing and colored…

A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.Jeoffrey Guillemard | Bloomberg | Getty ImagesCoca-Cola is expected to report its first-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by Refinitiv are projecting the company to report:Earnings per share: 64 centsRevenue: $10.8 billionLike many consumer companies, the beverage giant has been raising prices to mitigate the impact of inflation. But consumers have begun cutting back their…

Beverage maker Coca-Cola is set to acquire a minority stake in online food ordering platform Thrive, a food search and delivery platform which has partnerships with over 5,500 restaurants and directly competes with Swiggy and Zomato.This will be Coca-Cola’s first investment in a startup in India, executives directly aware of the development said. But they couldn’t put a figure on the size of the deal.“The strategic investment will give Coca-Cola a distinct edge over rivals, as it will push consumers to order only…

A Colorado Coca-Cola distributor is looking to strike a $271 million deal with Denver International Airport to build a new bottling plant on its property. If the project is approved, it’s a big win for the airport’s commercial development plans. A subsidiary of Swire Coca-Cola USA, which produces, sells and distributes the beverage throughout most of Colorado, is seeking to secure a 75-year ground lease to build the manufacturing plant, according to a March 23 proposal. The new facility would replace both its production…