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Tag: Coca-Cola Co

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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PepsiCo to debut Pepsi Cafe, a coffee-cola drink, next year

It looks like PepsiCo could beat rival Coca-Cola to market with a coffee-cola beverage. Twelve-ounce cans of Pepsi Cafe will arrive at U.S. stores in April, but will be available only for a limited time. Coke’s version, Coke Plus Coffee, is available in international markets, but the Atlanta-based company has not announced a U.S. launch …

PepsiCo to debut Pepsi Cafe, a coffee-cola drink, next yearRead More

RH shares surge after Warren Buffett’s Berkshire reveals new stake

Shares of RH surged 7.6% on Friday, a day after Warren Buffett’s Berkshire Hathaway revealed it owned 1.2 million shares of the furniture retailer at the end of the third quarter. Berkshire announced the stake in a filing with the Securities and Exchange Commission. The stock of RH, formerly known as Restoration Hardware, has rallied …

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Coca-Cola unveils AHA, its new caffeinated sparkling water brand

Coca-Cola on Thursday unveiled a new sparkling water line, its first new brand in more than a decade. The beverage giant will launch AHA on March 2 in the United States, with the potential to expand globally. The announcement comes as American consumption of soda continues to fall, forcing Coke and its rival PepsiCo to …

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Steve Easterbrook, McDonald’s former CEO, steps down from Walmart board

Former McDonald’s CEO Steve Easterbrook on Monday resigned from the board of Walmart, effective immediately, a Securities and Exchange Commission filing showed. Easterbrook’s decision to resign was not due to any disagreement with Walmart, the filing stated. He had been on Walmart’s board since 2018 and served on committees related to compensation, management development, strategic …

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Chief marketers face a ‘final fight for survival’

Large corporates including McDonald’s, Uber and Johnson & Johnson no longer have chief marketing officers (CMOs) and the role risks becoming outdated next year, according to a new report. The digital age has meant that consumers have more ways of experiencing a company than ever: from the ads they see on their Instagram feed to …

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Beyond Meat (BYND) earnings Q3 2019

Beyond Meat on Monday reported its first quarterly profit and topped analysts’ expectations for its fiscal third-quarter earnings and revenue. Despite the beat, shares of the company tanked as much as 15% in extended trading, before recouping about half of those losses. The stock, which has soared 321% since its initial public offering, closed Monday …

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UK consumer sentiment will lift if Brexit deal passes

James Quincey, Coca-Cola Company CEO Adam Galica | CNBC Coca-Cola CEO James Quincey said that if U.K. lawmakers pass a Brexit deal, consumer sentiment will improve. “If it mercifully comes to an end, then yes, I do think that sentiment will improve, maybe not overnight, but over time and hopefully going into 2020,” Quincey told …

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Coca-Cola (KO) earnings Q3 2019

Marcos Brindicci | Reuters Coca-Cola on Friday reported quarterly revenue that topped analysts’ expectations as more customers are drawn in by healthier options, like Zero Sugar soda and smaller size cans. Shares of the company jumped 1.6% in premarket trading. “Our performance gives us confidence that our strategies are taking hold with our consumers, customers and …

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