Coke Cuts Earnings, Volume Targets
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Soft drink giant Coca-Cola Co. (KO.N: Quote, Profile, Research) , 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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Electronics giant Sony cuts its operating profit and sales targets for this business year, blaming falling product prices.
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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, North America and other key markets.
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Coca-Cola Enterprises, the largest bottler of Coca-Cola, said yesterday that it planned to cut about 3,500 jobs, or 5 percent of its global work force, after taking a $2.9 billion impairment charge in 2006.
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Coca-Cola Enterprises said its profits fell more than 20 percent in the third quarter, thanks in part to soft retail sales in North America.
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Coca-Cola Enterprises Inc. CCE.N, 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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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 yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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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., the worldâs top soft-drink maker, has lowered its long-term earnings and sales targets on key markets slump. The companyâs CEO E. Neville Isdell promised Cokeâs investors an improvement
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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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Coca-Cola Co. KO.N 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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The Coca-Cola Company said yesterday that profit fell 22 percent after its largest bottler wrote down the value of its North American unit on reduced soda sales and higher raw material costs.
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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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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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NEW YORK - Stocks headed lower 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 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.