Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Coca-Cola Company (The)    KO

COCA-COLA COMPANY (THE)

(KO)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Coca Cola : Coke Sales Suffer in Southern California Under New Distribution System

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 08:11am EDT

WASHINGTON, Feb. 11 -- The International Brotherhood of Teamsters issued the following news release:

* * *

- Teamsters to Host Call for Coca-Cola Investors and Industry Analysts Wednesday, Feb. 13, 11 a.m. EST

* * *

The Teamsters Union will host a conference call Wednesday, February 13 at 11:00 a.m. EST for Coca-Cola Co. (NYSE: KO) investors and industry analysts to discuss the impact of distribution changes on Coca-Cola sales and service across Southern California.

Reyes Coca-Cola Bottling, a subsidiary of Reyes Holdings, which acquired exclusive bottling and distribution rights of Coca-Cola products for California and Nevada in October 2017, has begun implementing a new "static routing" delivery program in Southern California that is creating significant disruption in the sale and distribution of Coca-Cola products according to a recent survey of Coke retailers.

What: Call for Coca-Cola Investors, Industry Analysts Hosted by Teamsters

When: February 13, 2019 at 11:00 a.m. EST.

To Register: Email: dwillett@teamster.org and a call-in number will be provided

The International Brotherhood of Teamsters, which represents more than 13,000 Coca-Cola bottling and distribution workers across North America including more than 5,000 working for Reyes Holdings, conducted a survey of retail customers across the metro Los Angeles and San Diego markets beginning in November 2018.

"With more than a hundred participating retailers, the Teamster survey provides valuable insight into the impact the distribution changes are having on Coca-Cola sales and service and raise important questions for investors about how Coke will protect its interests from cost saving strategies of private distributors," said Greg Nowak, Director of the Teamsters Brewery and Soft Drink Workers' Conference."

Reyes' alternate distribution system, which the company intends to roll out in Northern California in the coming weeks, has also impacted Teamster jobs in Southern California, creating tension ahead of contract negotiations. Teamster contracts covering more than a thousand Reyes Coca-Cola workers in California expire in 2019 and 2020.

The International Brotherhood of Teamsters represents 1.4 million hardworking men and women in the U.S., Canada and Puerto Rico.

© 2019 Targeted News Service, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COCA-COLA COMPANY (THE)
04/18Earnings deluge could make or break sentiment
RE
04/18SHARE A COKE : How a personalized promotion became an e-commerce platform
AQ
04/18COCA-COLA AND DISNEY DESIGNED THESE : Galaxy's Edge
AQ
04/18INDIVIDUALLY STRONG, COLLECTIVELY EP : Coca-Cola Scholars Foundation Celebrates ..
AQ
04/17COCA-COLA : PPP key to realising MDGs
AQ
04/17Energy-Drink Upstarts Are Sapping Monster's Strength
DJ
04/17COCA COLA : ALEX Facilitated Acquisition of CHI's Equity Stake by Coca-Cola, Say..
AQ
04/16COCA COLA : Russell Peters to perform debut show at Coca-Cola Arena
AQ
04/16COCA COLA AMATIL : Colas Amatil X start-up accelerator expands into Indonesia in..
AQ
04/16THE COCA-COLA CO : quaterly earnings release
More news
Financials ($)
Sales 2019 34 793 M
EBIT 2019 11 306 M
Net income 2019 9 039 M
Debt 2019 34 982 M
Yield 2019 3,45%
P/E ratio 2019 22,47
P/E ratio 2020 20,89
EV / Sales 2019 6,84x
EV / Sales 2020 6,55x
Capitalization 203 B
Chart COCA-COLA COMPANY (THE)
Duration : Period :
Coca-Cola Company (The) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COCA-COLA COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 50,4 $
Spread / Average Target 6,1%
EPS Revisions
Managers
NameTitle
James Quincey Chief Executive Officer & Director
Brian John S. Smith President & Chief Operating Officer
Ahmet Muhtar Kent Chairman
Kathy N. Waller Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
COCA-COLA COMPANY (THE)0.27%202 985
KEURIG DR PEPPER3.78%37 416
SUNTORY BEVERAGE & FOOD LTD-1.33%13 348
COCA-COLA HBC AG10.32%12 745
ARCA CONTINENTAL SAB DE CV-2.51%10 071
TINGYI (CAYMAN ISLANDS) HOLDING CORP.20.91%9 095