Coca Cola Sales Slump
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The world&#39;s largest soft drink maker, Coca Cola, has lowered its sales targets. The news, coming from the company&#39;s new CEO, Neville Isdell, is the latest gloomy forecast from the beverage giant.
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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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TORONTO (CP) - Earnings warnings from Celestica and Coca-Cola along with a slowdown in US industrial production sent stock markets lower Wednesday.
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Coca-Cola Bottling Co. Consolidated, the Coca-Cola Co.&#39;s major bottler and distributor in the Southeast, said Wednesday that third-quarter profit fell as bad weather, high fuel prices and fewer promotions led to lower volume.
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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 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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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N renewed concern about  corporate profits and a Goldman Sachs survey revealed softening  corporate spending on technology.
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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.
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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 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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NEW YORK - Stocks sagged Wednesday after beverage giant Coca-Cola Co. issued a gloomy forecast, and a lower-than-expected reading on industrial production for August threw the nation's broader economic outlook into question...
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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. , 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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Soft drink giant Coca-Cola Co. , 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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CHICAGO (CBS.MW) -- Coca-Cola on Thursday posted a 24 percent drop in quarterly profit and said the company is &quot;off our proper growth course,&quot; hampered by weak sales growth and one-time charges.
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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.
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U.S. chain store sales fell in the  last week of November, as shoppers focused on discounted rather  than full-priced items, a report said on Tuesday.