Coke Rethinks Goals as Company Faces Slower Growth
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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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LAUNCHED in a fizz last summer C2, Coca-Colaâs low-carb, low-calorie beverage, was supposed to usher in a new era of soft drinks and hard profits at the Atlanta-based soft-drinks giant.
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Coca-Cola Amatil, the leading Australian soft drinks group, is looking for an improvement from its South Korean and Indonesian units and may exit those businesses if one is not forthcoming.
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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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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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Coca-Cola Co.  said on Friday  that it is reorganizing its North American business to better  reflect its strategic focus and creating three new business  units for its sodas and other beverages as part of the change.
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Coca-Cola Co.  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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Coca-Cola Co. on Wednesday said earnings for the remainder of 2004 would lag current expectations because of weakness in key markets.
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Coca-Cola Co.  said on Friday that it is reorganizing its North American business to better reflect its strategic focus and creating three new business units for its sodas and other beverages as part of the change.
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Soft drink giant Coca-Cola Co. (KO), 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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Coca-Cola, the world's largest maker of soft drinks, says it is disappointed with last year's performance.
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Cadbury Schweppes Plc, the maker of 7Up and Dr Pepper, said 2004 earnings will be at the low end of forecasts as demand in the US and Europe stagnates, days after Coca-Cola Co.
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Despite its much-needed product, the company's growth potential is limited.
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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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Coca-Cola Co.  Chief Executive E. Neville Isdell on Thursday reiterated that the soft drink maker expects solid long-term revenue and volume growth, and high-single-digit growth in earnings per share despite "strong headwinds" in North America.
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Coca-Cola Co. KO.N on Wednesday said  earnings for the rest of 2004 would lag current 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.
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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.