Coca-Cola reduces profit targets
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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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COCA-COLA has warned that its earnings for the rest of 2004 will be below expectations because of weakness in key markets, highlighting the divergent fortunes of the company and its top rival, PepsiCo.
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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.
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Coca-Cola Enterprises Inc.  said  on Tuesday it took a $2.9 billion impairment charge in 2006,  and the largest bottler of Coca-Cola  drinks also said it  plans to cut about 3,500 jobs, or 5 percent of its global work  force.
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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.
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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 Enterprises Inc. , the world's largest bottler of Coca-Cola drinks, on Wednesday lowered its earnings forecast for the year, citing lower-than expected volume in North America and Europe.
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U.S. stocks were lower on Wednesday  after a profit warning from Coca-Cola Co. KO.N renewed  investors' doubts about earnings growth in the second half of  the year.
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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N stoked fears about  corporate profits and a downgrade of the technology sector by  investment bank Goldman Sachs weighed on markets.
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Coca-Cola Enterprises Inc. said Thursday its profit fell 20 percent in the third quarter, as volume was hurt by bad weather, a sluggish retail environment and a turn away from regular soft drinks.
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Coca-Cola Bottling Co., the country&#39;s second-largest bottler of Coca-Cola drinks, said third-quarter earnings fell sharply as poor weather hurt results.
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Coca-Cola Enterprises Inc  reported quarterly earnings in line with estimates, as price increases driven by rising aluminum and sweetener costs cut into demand in North America.
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ATLANTA - Coca-Cola Enterprises Inc., the largest bottler of Coca-Cola products, lowered its full-year earnings outlook and put its third-quarter forecast below analysts&#39; expectations due to softer-than-expected volume trends.
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The Coca-Cola Co. says its third-quarter per-share results will drop at least 24 per cent because of poor weather in Europe and problems executing its business strategy in North America.
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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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Two analysts lowered their 2007 earnings estimates for the largest soft-drink bottlers on Wednesday, citing probable price increases of the beverage concentrate they buy from Coca-Cola Co.  and PepsiCo Inc. .
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Coca-Cola Co., said its second-half earnings will decline because of sluggish sales in North America and Europe. Its shares are traded at the lowest level since May 2003.