Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere.
Coca-Cola shares opened hit a record high today $54.64/share after releasing its latest earnings report. The soda giant increased its forecast for the full year from 4% to 5%. A 3 percent increase in Global unit case for Q2 was recorded with the Chinese market ringing in with the majority of sales for the year. Sales dropped in North America, making it the worst performer for the third straight quarter. Coca-Cola Zero Sugar recorded double-digit volume growth globally for the seventh straight quarter. Company’s addition of zero-sugary drinks and acquisition of Costa, British cafe chain for $5.1 billion to be launched market by 2020, including Russia, Bulgaria, Greece, and Poland is expected to diversify its offerings beyond its signature sugary drinks.
“We have a good strategy, we’re executing at full force and that’s what we’re focused on. Those are the bits we can control,”.“The macros will be more helpful or less helpful, but we’re really focused on what we can control.” stated Chief Executive Officer James Quincey
KO shares closed today’s trading at $54.33/share jumping 6.07% into the close.