Coke cuts growth goals, saying it missed trends
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ATLANTA Coca-Cola, the world&#39;s biggest maker of soft drinks, said Thursday that it was scaling back its long-term targets for sales volume and earnings growth amid continuing weakness in key markets including North America.
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Coca-Cola Enterprises Inc., the world&#39;s largest bottler of Coke products, on Thursday said profits fell in the third quarter as the company wrestled with a soft retail environment and a decline in soft drink consumption.
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NEW YORK (CBS.MW) -- Coca-Cola Co. said Thursday it anticipates weakness in several key markets in 2005 and lowered long-term targets for both volume and operating income growth.
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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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As its rivals have diversified and taken risks, the Coca-Cola Company has struggled to reinvent itself.
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Soft-drink giant Coca-Cola Co. warned Wednesday that third-quarter and second-half results will fall short of expectations because of soft sales.
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Coca-Cola Enterprises Inc. , the world's largest soft-drink distributor, will cut 3,500 jobs after posting its worst loss in at least 10 years on a $2.9 billion reduction in the value of its North American unit.
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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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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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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 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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Coca-Cola reports a 24% drop in quarterly income on the back of weak sales of its soft drinks, juices and bottled waters.
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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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Soft drink giant Coca-Cola Co. KO.N,  stung by a prolonged downturn in North America, Germany and  other major markets, on Thursday lowered its key long-term  earnings and sales targets.
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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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Coca-Cola Co.  on Thursday reported a 24 percent drop in quarterly net income due to weak sales of its soft drinks, juices and bottled waters in Germany and other key markets.
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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.