Coca-Cola overcomes falling demand in North America and puts up strong fourth quarter sales
Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-December period.
Georgia Gov. Kemp signs GOP election bill amid an outcry
Jackson says Coca-Cola and other large Georgia companies haven't done enough to oppose restrictive voting bills that Georgia lawmakers were debating as Jackson spoke (AP Photo/Jeff Amy)ATLANTA โ Georgia Gov. Democrats and voting rights groups say the law will disproportionately disenfranchise voters of color. Kemp signed the bill less than two hours after it cleared the Georgia General Assembly. โThe Republican voters I know find this despicable, Republican voters, the folks outside this White House. The Georgia law requires a photo ID in order to vote absentee by mail, after more than 1.3 million Georgia voters used that option during the COVID-19 pandemic.
Coca-Cola laying off 2,200 workers as it pares brands
The Coca-Cola Co. said Thursday, Dec. 17, 2020, its laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. (AP Photo/Steven Senne, File)The Coca-Cola Co. said Thursday itโs laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands. The Atlanta-based company said around half of the layoffs will occur in the U.S., where Coke employs around 10,400 people. The coronavirus pandemic has hammered Cokeโs business, as sales at places like stadiums and movie theaters dried up due to lockdowns. It shed multiple slow-selling brands this year, including Tab, Zico coconut water, Diet Coke Fiesty Cherry and Odwalla juices.
Coca-Cola recovery continues as it grows leaner in pandemic
FILE- In this Aug. 8, 2018, file photo bottles of Coca-Cola sit on a shelf in a market in Pittsburgh. The Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. Atlanta-based Coke said its revenue fell 9% to $8.7 billion. (AP Photo/Gene J. Puskar, File)Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, edging out Wall Street expectations of $8.4 billion, according to analysts polled by FactSet.