Coke goes flat as poor sales prompt warning
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Wall Street went sour on Coca-Cola yesterday after the soft drinks giant unnerved investors with a profit warning that sent the shares tumbling.
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he Coca-Cola Company warned yesterday that its earnings for the second half of the year would fall short of forecasts, citing competitive pressures in North America and unseasonably cool and rainy weather in Europe.
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Coca-Cola warned that its earnings will fall short of forecasts, pointing to competition in North America and poor weather in Europe.
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January retail sales were unexpectedly flat as motor vehicle, gasoline and electronics sales dipped sharply in the post-holiday season after a December that was stronger than originally indicated, a Commerce Department report showed Wednesday.
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The consumer products conglomerate warns of lowers sales and profits.
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Leading shares closed absolutely flat today after a pretty volatile session, taking a breather following sharp falls over the week with Wall Street registering a moderate rally helped by a narrowing of the US trade gap and soothing comments from a Fed official, dealers said.
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Sales remain essentially flat for the Diamond Store in Q4.
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A profit warning from Coca-Cola took the fizz out of leading Wall St shares and sent the main indices sharply lower. At the closing bell, the Dow Jones was down 86.
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TAMPA -- Few things ever come as promised. New Coke was going to quench thirsts the way Old Coke never could, but when consumers popped the cans, the fizz didn't live up to the buzz.
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NEW YORK - In a nod to Wall Streetâs frustrations with his companyâs repeated failure to meet earnings expectations, Coca-Cola CEO Neville Isdell on Thursday cut Cokeâs long-term forecasts while announcing a big boost in annual marketing dollars.
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COCA-COLA has reported a 24 per cent plunge in third-quarter net income due to weak sales of its soft drinks, juices and bottled waters in Germany, North America and other key markets.
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Coca-Cola Co. KO.N on Wednesday said  earnings for the rest of the year would lag Wall Street  expectations because of weakness in key markets, further  highlighting the divergent fortunes of the world's largest soft  drink maker and its top rival, PepsiCo Inc. PEP.N.
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Coca-Cola Co., the worldâs top soft-drink maker, has lowered its long-term earnings and sales targets on key markets slump. The companyâs CEO E. Neville Isdell promised Cokeâs investors an improvement
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Take a big gulp: Citing persistent weakness in key markets, Coca-Cola (nyse: KO - news - people ) is reducing its long-term targets for sales volume and earnings growth.
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Coca-Cola Co. KO.N on Thursday  reported a 24 percent drop in third-quarter net income due to  weak sales of its soft drinks, juices and bottled waters in  Germany, North America and other key markets.
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Coca-Cola Co. KO.N on Thursday  reported a 24 percent drop in third-quarter net income due to  weak sales of its soft drinks, juices and bottled waters in  Germany and other key markets.
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Coke (KO) lowered its long-term targets for earnings and sales volume growth amid continuing weakness in key markets including North America, said it missed the health trend, and said it plans to boost spending on marketing its core brands