Coca-Cola&#39;s Isdell Moves to Slow Price Increases as Pepsi Gains
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Coca-Cola Co. raised the average price of soft drinks last quarter, prompting consumers to switch to less costly PepsiCo Inc. drinks and store brands like Wal-Mart Stores Inc.
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Pepsi Bottling Group Inc.  posted slightly higher quarterly profit on Tuesday but failed to allay investor concerns about rising costs, sending its shares down as much as 7.7 percent to their lowest level in nearly three months.
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Pepsi Bottling (PBG:NYSE - news - research) Monday reaffirmed in-line 2004 earnings but its 2005 outlook disappointed. The Somers NY-based company sill it still expects 2004 EPS of $1.71 to $1.74 a share, vs.
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Coca-Cola Co. KO.N, amid signs that  is it losing market share to arch rival Pepsi, on Wednesday  warned that profit would lag Wall Street expectations for the  rest of the year because of weakness in key markets and said  there was no quick fix for its problems.
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After several months of internal reviews, new Coca-Cola (NYSE: KO) CEO Neville Isdell came out with projections for growth in earnings and case volume at the venerable soft drink company that were sharply lower than those previously anticipated.
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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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The Coca-Cola Co., the world's largest beverage maker, posted a 1 percent rise in net income in the second-quarter on a solid 19 percent gain in sales.
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NEW YORK - Coca-Cola Co. will refocus its attention on staunching a sales slump, as well as restructuring a profit-sharing arrangement with Coca-Cola Enterprises Inc.
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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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Neville Isdell contends up to two years needed to change the fortunes of soft drink manufacturer. NEW YORK (CNN/Money) - Coca-Cola Co.
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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 Co. (KO.N: Quote, Profile, Research) , which warned earlier this week of lower-than-expected profits this year, said on Friday it will pay Chairman and Chief Executive Neville Isdell $1.
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Coca-Cola Co.  on Wednesday reported a slight rise in quarterly net income, boosted by the impact of currency fluctuations and a late surge in demand for soft drinks, juices and bottled waters.
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Coca-Cola is trying to explain why the worldâs biggest soft-drink company is struggling. The company says Coke was slow to push water, juice and other non-carbonated drinks as consumers became more health-conscious.
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Coca-Cola's chief executive yesterday said the world's largest beverage maker needs to work harder, better execute its strategy, and improve its culture as he warned that third-quarter per-share income will drop at least 24 percent from a year ago. In a speech to employees, CEO Neville Isdell said:
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Coca-Cola Co. KO.N, which warned  earlier this week of lower-than-expected profits this year,  said on Friday it will pay Chairman and Chief Executive Neville  Isdell $1.5 million a year.
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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. .