A scarcity of Coca-Cola products has occurred due to supply chain bottlenecks and increasing commodity costs, as has occurred with other food and beverage firms. In afternoon trade, Coca-stock Cola’s was up 2 percent after the firm’s profits and sales above Wall Street expectations, and the company upped its fiscal 2021 outlook.
Is Coca-Cola (Coke) stock really down 1% today?
In fact, despite COKE’s massive drop, KO stock only closed down about 1% today. Which, is actually better than the greater stock market, as the S&P 500 closed down nearly 2%. With that said, what’s behind Coca-Cola Consolidated’s drop today? COKE reported its fourth-quarter and full-year 2021 numbers yesterday afternoon, to mixed responses.
Is Ko stock a Buy despite Coke's massive drop?
In fact, despite COKE’s massive drop, KO stock only closed down about 1% today. Which, is actually better than the greater stock market, as the S&P 500 closed down nearly 2%.
Is Coca-Cola (KO) stock lagging the market this year?
Coca-Cola ( KO 1.63%) stock is trailing the market this year. Shares have fallen 19% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
Why is Coca-Cola reducing its portfolio?
Reducing the portfolio will allow Coca-Cola to focus on its most profitable offerings, the company explained. Those include its core products like Coca-Cola Zero Sugar as well as brands that fit into trendy new categories, like Topo Chico hard seltzer and AHA, a caffeinated seltzer the company launched last year.
Why is there a shortage of Coke products?
Coca-Cola products may be hard to come by soon! In explaining what could cause these shortages, he cited “labor shortages, spiking gas costs in Europe and a plastic plant in Brazil that burst into flames.” Additionally, issues in the supply chain and higher commodity costs may contribute.
Is there a soda shortage?
Last month Coca-Cola C.E.O said to expect sporadic shortages throughout 2022 as issues in shipping, freight and labor will be factors for empty soda shelves.
Why is Coke Zero out of stock everywhere?
The soft drink giant has confirmed that it is dealing with a shortage of aluminium cans due to a lack of delivery drivers. It comes as experts estimate the nation faces a huge shortfall of 100,000 drivers.
Why is Coca-Cola shutting down?
The spokesperson said the closures are part of Coca-Cola's “asset right” strategy to ensure it has the proper level of resources as it transforms its beverage portfolio to meet changing consumer and customer needs.
Is there a Coke shortage 2021?
Coca-Cola CEO James Quincey said Wednesday he expects to see sporadic shortages on grocery shelves through 2022. Like other food and beverage companies, Coke is dealing with snarls in the supply chain and higher commodity costs, which have resulted in some shortages.
Is there a beverage shortage 2021?
Nearly three quarters of all new beverage products in 2021 were packaged in aluminum cans. That growth in demand has run head first into shrinking supply.
Is Coke Zero discontinued?
Following the successful launch of Coca-Cola No Sugar we've now completed phasing out Coke Zero. Created after more than five years of research, Coca-Cola No Sugar has been designed as the next generation of Coca-Cola without sugar.
Why is there no Diet Coke in stores 2021?
That's because some diet sodas are disappearing — or at least, that packaging is gone. Instead you'll find those beverages under their new branding: zero sugar. “Zero sugar” has replaced “diet” for many no-calorie soft drinks.
What is the problem of Coca-Cola?
The problems faced by Coca-Cola Company are high sugar harmful to health, increase in competitors, plastic bottle waste and water scarcity. These issues will lead to many negative impacts to social and natural environment.
What drinks are Coke discontinuing?
Pages in category "Discontinued soft drinks"Caffeine-Free Diet Coke.Coca-Cola Black Cherry Vanilla.Coca-Cola BlāK.Coca-Cola C2.Coca-Cola Raspberry.Coca-Cola with Lime.Coke II.Crystal Pepsi.
What brands are Coke eliminating?
News of the cut comes after Coca-Cola announced in October it would be cutting its portfolio in half, axing sugar-free soft drink Tab and “underperforming” brands including Odwalla, ZICO coconut water and Diet Coke Feisty Cherry, McClatchy News reported. This story was originally published May 16, 2021 11:18 AM.
What brands did Coca-Cola eliminate?
Tab, Zico, and Odwalla have been publicly axed, with more to come, the company said on an earnings call. Coke hasn't yet named all the brands it will drop, but CEO James Quincey said that there will likely be more cuts in the "hydration" category that encompasses Smart Water and Powerade.
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COKE Stock Sees Steep Decline Despite Beating Expectations
COKE reported its fourth-quarter and full-year 2021 numbers yesterday afternoon, to mixed responses. The bottling company reported $6.76 in non-GAAP net income per share, quite a bit below estimates of $7.62.
Why is Coca Cola shipping so late?
There are two reasons that customers may be having a hard time finding their favorite drink: Coca-Cola has been seeing shipment delays because of the pandemic, and it's discontinuing some of its smaller brands to focus on larger brands.
Why is Coca Cola putting a delay on shipping?
There are two reasons that customers may be having a hard time finding their favorite drink: Coca-Cola has been seeing shipment delays because of the pandemic, and it's discontinuing some of its smaller brands to focus on larger brands. Coca-Cola plans to discontinue more brands in the near future, Coca-Cola CEO James Quincey said in an earnings ...
Why is the company lag in shipments?
According to the slides for the earnings call, the company has faced a lag in shipments because of a bottling bottleneck during the start of the pandemic. Brands that are in shortage because of the shipment lag will likely return to shelves soon as the supply chain stabilizes. Sign up for notifications from Insider!
Is Coca Cola going to discontinue?
Coca-Cola plans to discontinue more brands in the near future, Coca -Cola CEO James Quincey said in an earnings call on Tuesday. The reason for this, Quincey said, is that smaller brands that account for over half of the company's portfolio only generate around 2% of its revenue.
When will Coke announce its second quarter results?
Investors will get details about the true impact of the pandemic on operating trends when Coke announces its second-quarter results on July 21. But before then, shareholders will be watching Pepsi's report on July 13 for signs of a rebound in the beverage industry.
Is Coca Cola a liability?
Coca-Cola's more beverage-focused portfolio has been a slight liability during the early days of the COVID-19 pandemic. With all types of large gatherings, including sporting events and concerts, canceled, and with restaurants seeing plunging traffic, consumers have far fewer occasions to drink soda.
