Coca-Cola Revises Financial Targets
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ATLANTA - Coca-Cola Co. will damp growth prospects for next year and outline plans to increase &quot;marketing and innovation expenses&quot; by as much as $400 million on an annual basis when management speaks to analysts and investors later Thursday.
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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 Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, on Wednesday cut its earnings forecast due to lower-than-expected
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Soft drink giant Coca-Cola Co. KO.N,  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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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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Coca-Cola Co. , the world&#039;s  biggest soft-drink maker, on Tuesday posted  better-than-expected earnings boosted by its PowerAde sports  drink and Dasani bottled water brands.
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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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For the three months ending Sept. 30, Coke said it earned $935 million compared to a profit of $1.22 billion a year earlier. ATLANTA - The Coca-Cola Co.
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Coca-Cola Co&#39;s new Chairman and Chief Executive, Neville Isdell, says bolstering the soft drink group&#39;s depleted management ranks will be a key priority as he embarks on a make-over of the slumping company.
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The Coca-Cola Co. is forecasting weakness in its key markets next year and is scaling back its long-term targets for earnings and sales volume growth.
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Coca-Cola Co. has agreed to change sales practices that helped it win roughly half of the soft-drink market in Europe. The agreement is part of a settlement of a long-running antitrust investigation by the European Union.
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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 says earnings for the rest of 2004 will lag current Wall Street expectations because of weakness in key markets, further highlighting the divergent fortunes of the world&#39;s largest soft drink maker and its top rival PepsiCo.
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Coca-Cola and Pepsi are the latest in a trend toward clearer nutrition labeling.
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Coca-Cola Co. KO.N on Wednesday  reported higher quarterly net income, boosted by the impact of  currency changes, lower taxes and a late surge in demand for  soft drinks, juices and other beverages.
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The Coca-Cola Co. is lowering its long-term targets for earnings and sales volume growth amid continuing weakness in key markets including North America. But the world's biggest soft drink company also plans to boost spending on marketing its core brands.
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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.