We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Coca Cola Company | NYSE:KO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.23 | 0.37% | 62.00 | 62.57 | 61.21 | 61.89 | 16,730,832 | 00:56:47 |
By Cara Lombardo
Coca-Cola Co.'s (KO) Diet Coke returned to volume growth in the first quarter after the drinks company added four new flavors in skinny, brightly colored cans.
Analysts have been skeptical that adding flavors like Zesty Blood Orange and Twisted Mango, which are still artificially sweetened, can win back lapsed soda drinkers and keep them around. Diet Coke's sales volume in the U.S. has declined every year since 2006, according to industry-publication Beverage Digest.
The new drinks launched during the quarter, so the results reflect only the first several weeks of sales.
Across its portfolio, Coca-Cola's drink volume grew 3% in the first quarter, the company said Tuesday, including a 4% rise in soda volume and a 5% rise in coffee and tea volumes.
The drinks company's first-quarter organic revenue, which excludes currency swings, acquisitions and divestitures, increased 5% from a year ago. Overall, revenue fell 16% to $7.6 billion, due to the divestiture of refranchising operations. Analysts polled by Thomson Reuters had expected $7.34 billion in revenue.
The Atlanta-based company reported a profit of $1.37 billion, compared with $1.2 billion a year ago.
On an adjusted basis, the company earned 47 cents a share, just above the 46 cents analysts expected.
Coke shares, up 2.1% in the past year, rose 0.8% in premarket trading.
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
April 24, 2018 07:43 ET (11:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Coca Cola Chart |
1 Month Coca Cola Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions