Coca-Cola Financial News

Coca-Cola (NYSE:KO), the world's most recognizable beverage brand, is poised to release its 3rd-quarter 2023 earnings on October 24th, just before the market open. As the financial results draw near, investors are eager to see if the numbers will turn out to be the catalyst needed for KO stock to recover from its +15% decline since the last week of July.

Christian Juhl sits atop a $100 billion-a-year budget and is one of the world’s most powerful media executives.

LONDON (Reuters) — Absolut Vodka and lemonade drinkers will soon be able to sip their preferred cocktail from a can, after drinks makers Pernod Ricard (EPA:PERP) and Coca-Cola (NYSE:KO) agreed to a pre-mixed version made from the spirit combined with Sprite.

NEW DELHI : Coca-Cola India on Friday said it has allocated record marketing budget for Thums-Up, Coca-Cola, and Sprite for September and December quarter by leveraging its global partnership with the International Cricket Council (ICC) to intensify advertising efforts for the ongoing Men’s World Cup, as well as the festive season. The move follows a lacklustre performance by beverage makers in the summer.

Identifying India as its priority market, British coffee chain brand, Costa Coffee’s global CEO Philippe Schaillee on Friday said that it will add 50 more speciality coffee stores in the country. The company, which is now owned by beverages major Coca-Cola, recently opened its 150th store in the country.

PVR Inox has entered into a strategic agreement with Devyani International Ltd, franchisee of Costa Coffee, to sell premium coffee at selected premium properties. "PVR INOX Ltd has entered into an arrangement with Devyani International Ltd on October 4, 2023, for introducing Costa Coffee's handcrafted hot and cold coffees at some of the Company properties," PVR Inox said in a regulatory filing.

ICC World Cup starts, the global cricket body has released a series of stringent advisories and guidelines for brands, sponsors and partners leveraging the tournament, clamping down on all unauthorised associations. The clampdown comes amid dozens of brands across sectors including consumer goods, e-commerce, travel, gaming, hospitality and others firming up associations with the mega event. “It is evident that many people are eager to use the ICC IPR (intellectual property rights) to boost their business activities by marketing their products in connection with the event. The ICC is aware of businesses seeking to gain an unauthorised association with the event,” the ICC or the International Cricket Council, wrote in detailed updates on its website. ICC’s sponsors include MRF Tyres, Booking.com, Mastercard, Bira, Thums Up, Nissan, Oppo, Royal Stag and Dream 11.

Haldiram’s, India’s favourite ‘chakna’ maker, has just become a billion-dollar brand. In its remarkable growth story – of taking on both multinational food giants and the corner halwai and beating them at their own game – lies a salutary lesson for any global company that wishes to crack the 1.4-billion-strong Indian market: listen to the Indian consumer or perish. Global giants that have come to play the long game in India have learnt this the hard way.

FMCG companies to push demand have distributors in a tizzy as they struggle for shelf space to manage inventory, prompting them to reach out to the government to restrict the number of pack sizes to four. Packaged products companies have hit back saying that is not feasible as consumer and channel requirements are differentiated. New smaller packs are «placing extra burden on retailers as they have to keep on adding new packs, leading to inventory management challenges, and impacting distribution efficiency,» said Dhairyashil Patil, national president of All India Consumer Products Distributors Federation (AICPDF). The federation, which represents more than 400,000 distributors and stockists, has written to the government suggesting there should only be four pack sizes — entry, small, medium, and large. Nestle, Hindustan Unilever, Britannia, Parle Products, Dabur, ITC and Coca-Cola are among many others that have launched multiple low-priced packs across noodles, toothpaste, soaps, soft drinks and biscuits as a strategy to counter the consumption slowdown due to inflation. They are also using smaller packs to fight off increased competition from regional brands. Products at the entry level are being packaged in multiple price points of Rs 5, Rs 7, Rs 10, Rs 14, Rs 15 and Rs 20, unlike earlier fixed pack prices such as Rs 5, 10 and 20. Nestle's entry-level Maggi noodles is now available in packs of Rs 7, 10 and 14, in addition to multiple large packs. «New pack sizes are introduced by companies on the basis of consumer convenience, pricing and need for smaller packs.

Disney Star, which has set an advertising revenue target of over ₹4,000 crore from the ICC Men's Cricket World Cup (CWC), has signed up multiple sponsors. The company has engaged PhonePe, Mahindra, Coca-Cola (Charged), HUL (Glow and Lovely), IndusInd Bank, Mondelez and Jindal Panther as broadcast sponsors.

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Hardik Pandya to endorse its sports drink Gatorade -the first time the sports brand will be endorsed by a cricketer. Previously, badminton player PV Sindhu and javelin star Neeraj Chopra have been associated with Gatorade. Ankit Agarwal, associate director, hydration & energy at PepsiCo India said the partnership with Pandya will help “deepen the brand’s connection with the sports, fitness and active-lifestyle community.” The cricketer is associated with over a dozen brands.

Reliance's Campa gearing up for a 'second summer' to coincide with the cricket season, after the peak quarter of April-June got washed out because of unseasonal rains. PepsiCo is roping in cricketer Hardik Pandya for its Gatorade sports drink brand, while Reliance, which launched the Campa Cricket drink last week, is planning to advertise extensively on the World Cup by leveraging its own Mumbai Indians team. Coca-Cola, meanwhile, is investing in sponsorship deals for both the Asia Cup and the World Cup. «With Hardik, we aim to actively engage with the fitness and active lifestyle community, and help them in being rehydrated, replenished and refuelled,» Ankit Agarwal, associate director, hydration & energy at PepsiCo India, told ET.

healthcare following the pandemic is leading to robust growth in opportunity for businesses, and consumers are definitely not downtrading on health, said Brian McNamara, global chief executive of Haleon, the consumer healthcare company spun off from GlaxoSmithKline Consumer. Last year, British consumer healthcare company GSK had separated its consumer healthcare business from GSK Group to form Haleon, an independent listed company that sells non-prescription drugs, vitamins and oral care products.

Mahindra & Mahindra and Tata Motors will be the OEM partners for the 3-wheelers for distribution of bottles across four states, it said. «SLMG Beverages will invest approximately Rs 100 crore to increase its fleet from 2000 EVs to 5000 EVs for its distribution network,» the company said in the statement. SLMG Beverages claims to be India's largest independent bottler of Coca-Cola in India and South West Asia.

Neeraj Chopra's latest exploits on the javelin field will open the doors for more endorsement deals in the coming days, according to brand and marketing experts. Chopra, who hails from Haryana, recently became the first Indian to win a gold at the World Athletics Championships at the men's javelin throw final in Budapest. Managed by JSW Sports, Chopra currently endorses over 12 brands, with his latest achievement expected to help him bag more endorsement contracts.According to Kroll's Celebrity Brand Valuation Report 2022, Chopra's brand value stood at $26.5 million.

Reliance Retail will take its Campa brand global, starting with Asia and Africa, Isha Ambani said at the Reliance Industries annual general meeting (AGM) on Monday. Campa, which competes with global cola makers Coca-Cola and PepsiCo in India, will be the first homegrown cola to be taken overseas. “We are scaling it (Campa) up further in India, and have also started work to take it global, starting with Asia and Africa,” Ambani, director at Reliance Retail Ventures, said in her address at the AGM. In April, Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, had inked a strategic partnership with beverage can and filling company Ceylon Beverages, promoted by former cricketer Muttiah Muralitharan, to co-pack and manufacture Campa soft drinks, and this partnership is expected to be leveraged for Campa’s foray in markets outside India as well, executives aware of the plans said. Ceylon Beverages has partnerships with international, national and regional companies, including those making mineral water, energy drinks, soft drinks and juices. Reliance Retail had acquired Campa mid last year from Pure Drinks group for an estimated Rs 22 crore.

Hindustan Unilever, Swiggy, Coca-Cola, Zomato, Amul, Flipkart, BigBasket and Bisleri are among the larger companies switching to EVs to service consumers and retailers. «We have started EVs for last-mile deliveries for ice-cream vending,» said Jayen Mehta, managing director of India's largest dairy maker Amul, which sells ice-cream, milk, butter and cheese. «Our milk distributors too are using EVs in Delhi, Uttar Pradesh, Haryana and Punjab.» The ecommerce sector is leaning heavily toward electric three-wheelers. «The operating costs are about a fraction of diesel or CNG-driven ones, translating into substantial savings for operators,» said Amitabh Saran, cofounder of electric three-wheeler company Altigreen, which has supplied EVs to Amazon, Flipkart, BigBasket, HUL, Bisleri and Coca-Cola.

Here’s one for the oat milk converts; an emerging brand in Australia’s plant-based beverage industry is looking for its next stage of growth.

To paraphrase the famous line from “Jaws,” “We’re going to need a bigger moat.”

Human nature means it’s not easy to make decisions. Choosing one option often means forsaking others and can require careful analysis and thought, which takes energy. It’s why the term “decision fatigue” was coined, referring to our inability to continue making good decisions over a sustained period.