Photo: alleksana

What 200 brands is Coke getting rid of?

Since June, the company has said it will scrap drinks such as Tab, Zico, and Odwalla. It will likely remove more brands from its "hydration" category, which includes brands like Dasani, Powerade, and Smart Water, CEO James Quincey said.

businessinsider.com - Coca-Cola to Scrap 200 Drinks Brands, Half of Its Portfolio

Is there a single food you can survive on?

Eating only one food probably won't do any harm in the short term. However, there is no known food that supplies all the needs of human adults on a...

Last updated Jan 1, 2019

Why do diabetics wake up in the middle of the night?

Low blood glucose at night When blood glucose levels fall below 70 mg/dl while sleeping at night, the person experiences a condition called...

Last updated Mar 6, 2022

Tasty breakfast juice melts 59lbs of wobbly fat

A scrumptious morning smoothy based on the diets of among the healthiest, longest-living hamlet in the world.

Learn More »

Promotion

Coca-Cola plans to scrap about 200 of its drinks brands, it announced on Thursday. Since June, the company has said it will scrap drinks such as Tab, Zico, and Odwalla. It will likely remove more brands from its "hydration" category, which includes brands like Dasani, Powerade, and Smart Water, CEO James Quincey said. That would allow it to focus on stronger brands or those with growth potential, the company said.

Visit Business Insider's homepage for more stories.

Top editors give you the stories you want — delivered right to your inbox each weekday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy Coca-Cola will discontinue about 200 drinks brands, halving its portfolio, it said in its earning call on Thursday. The drinks giant didn't name the brands that it would scrap, but it will likely remove more brands from its "hydration" category, which includes brands like Dasani, Powerade, and Smart Water, CEO James Quincey said during an analyst call on Thursday. Since June, the company has said it will scrap drinks such as Tab, Zico, and Odwalla. Coca-Cola's revenues are dominated by its biggest brands, such as Coke, Sprite, and Fanta. More than half of the company's brands collectively generate just 2% of its revenue, Quincey said in July. Coca-Cola has decided to discontinue certain brands so it can make sure drinks "with the strongest potential to grow their consumer bases, increase frequency, and drive system margins," it said. Despite ending some brands, the company will continue to explore new beverage categories, it said. It launched its Topo Chico Hard Seltzer in Latin America in the third quarter through an agreement with Molson Coors Beverage Co. and will launch the product in the US in the first half of 2021, it said.

Coca-Cola's sales remain behind as fewer people dine out

How often should you take beet powder?

The recommended serving size is around 3-6 grams of beetroot powder per day. If you're using Zen Principle's Organic Beetroot Powder, this...

Last updated Aug 20, 2020

What fruits can be mixed together?

6 Power-Packed Fruit Combos to Fuel Your Morning Anti-inflammatory plate: Cherry, pineapple, blueberry. ... Immune-boosting plate: Grapefruit,...

Last updated Jan 10, 2021

Weird “juice ritual” removes 65lbs in weeks

A potent powdered supplement, based on the diets of among the healthiest, longest-living hamlet in the world.

Learn More »

Promotion

Net revenues in the quarter to September declined 9% to $8.7 billion because of a drop in out-of-home drinking, as restaurants in some areas remained shut and fewer people dined out, Coca-Cola said. Sales had improved in the previous quarter, the company said, but at a slower rate. However, the company beat revenue expectations, with revenues about $300 million higher than analysts had predicted, according to a survey by Refinitiv.

Unit sales, which don't include currency fluctuations, fell by just 4%.

The company reported the biggest volume drop for tea and coffee, which fell 15%, primarily driven by lockdown restrictions on its Costa Coffee shops, a third of which are in the UK. Water and sports-drink volumes — the category Quincey said could face further cuts — fell 11%. The company credited this to a decline in water brands. Sales of juice, dairy, and plant-based drinks were down 6%, with strong performance by Simply and Fairlife in North America unable to prop up dropping sales in the Asia-Pacific region and Latin America. Coca-Cola posted its smallest volume decline in sparkling soft drinks, which include Sprite and Fanta, at just 1%. The company reported declining revenues in every location, including a 23% drop to $809 million in Latin America. It posted a pretax profit for the quarter of $2.2 billion, down 29% from the same period last year. The company said the ultimate impact of the pandemic on its near-term results was "unknown," and Quincey said "many challenges still lie ahead."

businessinsider.com - Coca-Cola to Scrap 200 Drinks Brands, Half of Its Portfolio

How can a lazy girl lose weight?

Lazy Girl's Guide to Weight Loss #10 Drink 8 glasses of water per day. If anything, at least you can pee out a pound or two. ... #9 Eat spicy food....

Last updated Nov 16, 2020