Coke scales back goals
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NEW YORK - Coca-Cola cut its long-term growth targets Thursday in a bid to create more realistic goals, but the company also expressed a firm belief that it can find ways to recharge its global business.
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The Coca-Cola Co. has agreed to change sales practices that helped it win roughly half of the soft drink market in Europe as part of a settlement of a long-running antitrust investigation by the European Union.
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BRUSSELS -- Coca-Cola agreed Tuesday to dramatically change the way it sells soft drinks in Europe, ending a five-year investigation into allegations that Coke abused its power to keep rivals out of the market.
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In January, Coke plans to introduce an energy drink called Full Throttle. Coke hopes it will be a better competitor than an earlier entry, the slow-selling KMX.
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Coke is defending its position as the beverage king of the world.
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Coca-Cola Co., struggling to boost  sluggish soft drink sales in North America, said on Friday it  planned to launch a lime-flavored version of its flagship  Coca-Cola brand in the United States in early 2005.
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Coca-Cola on Friday agreed to alter its sales practices in some European markets, an offer likely to bring to an end a five-year investigation by the European Commission into whether the soft drinks giant was stifling retail competition.
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Coca-Cola Enterprises, the largest bottler of Coca-Cola, said yesterday that it planned to cut about 3,500 jobs, or 5 percent of its global work force, after taking a $2.9 billion impairment charge in 2006.
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Coca-Cola, the world's largest maker of soft drinks, shakes up its North American operations in an effort to boost profits.
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Coca-Cola ended a five-year battle with the European Union yesterday, agreeing to change the sales practices that helped to make it so successful.
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Coca-Cola yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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Soft drink giant Coca-Cola Co. (KO.N: Quote, Profile, Research) , stung by a prolonged downturn in North America and other markets, announced on Thursday that it was lowering key long-term earnings and sales targets.
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The Coca-Cola Company is lowering its long-term earning and sales targets. In a statement today (11 November), the company added that continued weak performance in certain key markets was expected in 2005 as operational issues are addressed.
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Soft drink giant Coca-Cola Co. (KO), stung by a prolonged downturn in North America and other markets, announced on Thursday that it was lowering key long-term earnings and sales targets.
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Coca-Cola cut its long-term growth targets yesterday in a bid to create more realistic goals, but the company also expressed a firm belief that it can find ways to recharge its global business.
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Coca-Cola Co. , the world's largest soft-drink maker, on Wednesday reported lower fourth-quarter net profit, hurt by an $2.9 billion impairment charge at its largest bottler, but the results exceeded Wall Street estimates.
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ATLANTA - The Coca-Cola Co. is lowering its long-term targets for earnings and growth in sales volume amid continuing weakness in key markets.