Stephen Powers, UBS analyst, breaks down Coca-Cola's quarterly numbers and shares his thoughts on growing the brand abroad.» Read More
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The cola maker, which gets more than half of its total revenue from markets outside North America, said a strong dollar would lower its full-year revenue by 7 percentage points compared with 6 percentage points estimated earlier. Coca-Cola third-quarter sales fell 11 percent in Asia-Pacific, 14 percent in Latin America and 7 percent in Europe.
Coke reported quarterly earnings that beat Wall Street estimates but revenue was down due to a stronger dollar.
Oct 21- Coca-Cola Co reported lower-than-expected quarterly revenue as a strong dollar reduced the value of sales in markets outside North America. Sales in North America, the company's biggest market, rose 1 percent, helped by higher pricing and its expanded distribution agreement with energy drink maker Monster Beverage Corp. The net income attributable...
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Sept 1- The U.S. Food and Drug Administration on Tuesday issued warning letters to five distributors of pure powdered caffeine, as the federal agency stepped up efforts to curtail ingestion of the stimulant in its pure form. Earlier in 2012, the FDA issued a warning letter to Breathable Foods Inc, a company that marketed an inhalable caffeine product as'...
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Aug 19- Suja Life LLC said on Wednesday that Coca-Cola Co has bought a minority stake in the organic juice maker and will distribute its products. San Diego- based Suja, founded in 2012 by entrepreneurs Annie Lawless, Eric Ethans, Jeff Church and James Brennan, makes juices and smoothies under cold pressure to kill harmful bacteria and preserve nutrients and taste.
Portfolio manager tells 'Power Lunch' that Coke is probably looking for international growth, perhaps on the M&A side.
Stocks pared gains and closed mostly lower on Thursday.
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