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Coke names new marketing chief amid struggles

2014-10-23 18:46:44| Beverages - Topix.net

Coca-Cola is replacing its chief marketing officer as the world's biggest beverage maker fights to boost flat soda sales. The change for the maker of Sprite, Powerade and Vitaminwater comes after the company this week reported a lower quarterly profit on disappointing sales.

Tags: marketing names chief amid

Warren Buffett's Berkshire loses $2-billion on IBM, Coke

2014-10-23 02:46:22| Beverages - Topix.net

In this May 5, 2014 file photo, billionaire Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview with Liz Claman on the Fox Business Network in Omaha. In this May 5, 2014 file photo, billionaire Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview with Liz Claman on the Fox Business Network in Omaha.

Tags: ibm warren loses coke

Still waters run deep...and Coke eyes 'value-added dairy' growth potential

2014-10-21 22:05:57| Beverages - Topix.net

The Coca-Cola Company CEO Muhtar Kent will today identify value-added dairy as a top target category for still beverage retail value growth through to 2020. Coke reported its Q3 2014 results today, and Kent will tell investors that a challenging macro-economic environment meant slower industry and company growth versus internal targets With net sales down 0.4% year-on-year at $11.976bn for the three months ending September 26, and net income down 14% at $2.122bn, Kent will admit that Coke's execution in various markets, notably Europe, can be improved.

Tags: run potential eyes growth

Coke profit, revenue fall on flat soda market

2014-10-21 18:14:58| Beverages - Topix.net

The world's biggest beverage maker announced a new plan that it said will reduce costs by $3 billion a year by 2019. For this year, the company said it expects earnings per share to miss its long-term target of high-single-digit growth.

Tags: market fall flat profit