Search   Advanced Search
LATEST NEWS
 
 
News
 Latest Headlines
 Quick Facts
 Breaking News
 Top Stories
 Feature Articles
 Politics
 US Policy
 General
 Commodities
 Canadian
 UK
 Indian
 Wallstreet Events
 Slide Shows
 US Economic News
 European Economic News
 Asian Economic News
 All Economic News
 FX Top Stories
 Currency Alerts
 Mkt Sensitive News
 Politics
 European Mkt Updates
 Asian Mkt Updates
 Treasury Mkt Updates
 Pop
 Rock
 Classic Rock
 Rap/Hip-Hop
 Country
 Alternative
 Oldies
 Movie Reviews
 DVD Releases
 Box Office
 Slide Shows
 Business News
Commentary/Analysis
 Daily Market Analysis
 US Market Updates
 US Commentary
 Asian Commentary
 European Commentary
 Canadian Commentary
 Indian Commentary
 Sector/Market Trends
Stock Alerts
 Stocks To Watch
 Long Term Stocks
 Before the Bell
 $5 and Under
 After the Bell
 Intraday Updates
 IPOs
 Hot Stocks
Earnings Calendars
 Upcoming Earnings
 Latest Earnings
 Pos Pre Announcements
 Neg Pre Announcements
Corporate Calendars
 Stock Splits
 Stock Buybacks
 Dividends
 Conference Calls
 FDA Calendar
 Board Meetings
 Mergers & Acquisitions
Ratings Changes
 Upgrades
 Downgrades
 Coverage Initiations
 Coverage Reiterated
 All Videos
 Market Commentary
 Top Stories
 Economic News
 Political News
 Foreign Markets
 Corporate News
 Entertainment News
 Top Stories
 Earnings
 Mergers & Acquisitions
 Market Commentary
 Economic News
 IPOs and New Issues
 Corporate News
 Forex News
 Interviews
 Private Equity
Economic Calendar
RTT DeskAlert
CES 2010 Coverage 

Follow Us
RTTNews on Twitter RTTNews on Facebook RTTNews on MySpace RTTNews on YouTube

Font Down Font Up

 
Coca-Cola Provides Roadmap To Double System Revenue By 2020 - Update
11/16/2009 10:22 PM  ET
RELATED NEWS
Coca-Cola Profit Jumps On Higher Sales
Coca-Cola Q4 09 Earnings Conference Call At 9:30 AM ET
Coca-Cola Q4 Profit Rises - Quick Facts
Ahead Of Coca-Cola's Q4 Results
Coca-Cola Q4 09 Earnings Conference Call At 9:30 AM ET

Trade KO now with
TOP MARKET NEWS
Stocks Hovering Near Highs In Mid-Afternoon Trading - U.S. Commentary
Obama Meets With House And Senate Leaders In Effort To Boost Bipartisanship
Opel/Vauxhall Unveils €11 Bln Investment Plan; To Cut 8,300 Jobs
Stocks Building On Strong Gains In Early Afternoon Trading - U.S. Commentary
House GOP Leaders Demand White House Scrap Health Reform Legislation Prior To Summit
(RTTNews) -  Monday, soft drink maker The Coca-Cola Company (KO: News ), at a two-day investor and analyst event in Atlanta, provided a roadmap for more than doubling system revenue by 2020 while increasing systems margins.

Senior Company Management, along with select Bottling System Leaders discussed the key goals including more than double servings to over three billion a day by 2020 and be No.1 in the nonalcoholic ready-to-drink business in every market and every category that is of value to the company.

Muhtar Kent, chairman and chief executive officer, The Coca-Cola Company said, "We know that winning in 2020 and beyond is going to require new capabilities, new models and new innovations. We are laser-focused on targeting the right consumers with fully integrated global marketing campaigns that work on many levels, across many geographies and cultures, and leverage a rich variety of media and channels. "

"To target aging and affluent consumers globally, we are actively exploring new ingredients, new functionality and new occasions. At the same time, we are creating new strategies that are winning over a massive new generation of teens to drive growth of Trademark Coca-Cola." Kent noted.

Chief Financial Officer Gary Fayard said, "The fundamentals of our business remain strong as we continue to gain market share globally and in key markets, expand our margins, and generate tremendous cash flows. Importantly, we are continuing to invest in the brands and capabilities to position us to build on the results we have delivered in recent years. We are confident that our 2020 Vision is achievable because our proven brand and operational strategies are flexible, our system and our Company are providing unmatched scale and reach, and our operations continue to generate strong and steady cash flows. We have a track record of returning cash to shareowners and diligently investing back into the business for profitable growth."
Middle October, the beverages giant, which makes, among others, Diet Coke, Fanta, Sprite, Coca-Cola Zero, reported a third quarter profit that was flat with the year-ago period due to poor operational performance across all its businesses. Net operating revenues declined 4% to $8.04 billion from $8.39 billion in the year-ago quarter. Worldwide unit volumes grew 2%, helped by international operations primarily in India and China.

Separately, reports said Monday, warehouse club Costco Wholesale Corp. (COST: News ) stopped carrying some of Coca-Cola's products nationwide after a dispute over pricing. The Issaquah, Washington-based Costco reportedly declined to provide additional details. Coca-Cola Co. reportedly said it does not comment on on-going negotiations.

To receive FREE breaking news email alerts for The Coca-Cola Company and others in your portfolio


 1   2   Next Page 


Share Article:   Del.icio.us    Digg    Y! My Web    Facebook    My Space

Email        Print           Follow Us RTTNews on Facebook RTTNews on MySpace RTTNews on YouTube

     
 

More Breaking News-US

82  IBM Signs 5-yr Remote Managed Services Agreement With Sandhar Technologies - Update
81  Semiconductor Manufacturing Q4 Loss Widens; Appoints New CBO, COO And CFO - Update
80  Partner Communications Q4 Profit Up - Update
79  ATA Automation Q3 Profit Declines - Update
78  Triple-S Management Q4 Profit Up, Tops View - Update
77  Microsoft, Interpublic Group In Ad-server Solution Deal - Update
76  Stepan Q4 Profit Surges - Update
75  Centene Q4 Profit Up - Update
74  Delta Responds To Japan Airlines Decision To Stay With American - Update
73  American Commercial Lines Q4 Profit Down - Update
72  OJSC VimpelCom Board Recommends Exchange Offer By VimpelCom Ltd - Update
71  American Airlines Says It Is Pleased With Japan Airlines' Continuing Membership In Oneworld Alliance - Update
70  Nabors Industries Expects Q4 Above Street Estimates - Update
69  RiskMetrics Swings To Q4 Profit - Update
68  Potlatch Swings To Profit In Q4, Yet FFO Declines - Update
  

 

Copyright © 2010 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.

Feedback| Terms of Service| How To Use RTTNews.com| Advertise| Privacy| Buy Content | RSS