Whether it’s just a soft drink, sports drink, or mixing a fizzy drink with alcohol, brands such as Sprite, Powerade, Coca-Cola, and Schweppes are names you may have come across - these are brands owned by The Coca-Cola Company.
The company manufactures, markets, and distributes soft drink concentrates and syrups. The Company also distributes and markets juice and fizzy drink products. Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.
Its global brands include the following. 👇
Disclaimer: The brands may not be limited to the logos on the image and may change. The use of logos is for educational purposes only.
Here’s a full list of beverages under Coca-Cola Company.
Financials, share buybacks, dividends
The Coca-Cola Company's revenue for its three months that ended on March 31, 2023, increased by 5% to $11 billion. The global unit case volume grew by 3%. Operating margins, which represent the percentage of revenue that remains as operating income, were 30.7%.
James Quincey, Chairman and CEO of The Coca-Cola Company, commented on the latest financials, saying, "Our system alignment is stronger than ever, and our networked organization is allowing us to adapt as needed. We continue to invest for the long term, strengthening our capabilities to drive sustainable value for our stakeholders."
The beverage giant had a balance sheet of $12 billion in cash and equivalents.
In January 2023, Seeking Alpha reported that Coca-Cola bought back shares worth $1.3 billion, adding that "A good chunk of these buybacks went towards employee stock options, but investors can expect Coca-Cola to continue to buy back stock and reduce shares outstanding."
Coca-Cola Co. has a history of paying dividends quarterly. Last year, it paid $1.76 per share in dividends. As of writing, it has paid twice this year.
Are they expanding?
No significant aquations were made during 2022, and the company said it will continue to evaluate inorganic growth opportunities through brands and capabilities.
The company has been moving into the alcohol market, where it has partnered with various big names. John Murphy, Coca-Cola CFO, said on Yahoo Finance Live, "There is a lot of white space out there [in alcohol]. We believe that we have a right to both compete and play in that space, and we are exploring. We are exploring a number of areas."
In March, it launched the Jack Daniel's & Coca-Cola cocktail in the US. "It follows how people have enjoyed the pairing of these two iconic brands for generations," added Dan White, Chief of New Revenue Streams for The Coca-Cola Company, referring to the Jack Daniel's & Coca-Cola RTD - a pre-mixed, canned cocktail. This product is expected to reach Europe, Asia, Latin America, and Africa later this year.
It’s also worth noting that by the end of 2021, it acquired 85% of BodyArmor after initially buying 15% in 2018.
Earnings
The Coca-Cola Company is expected to release its earnings in July 2023.
