Coca-Cola, based in Atlanta, is a leading producer of soda, juices and juice drinks, and ready-to-drink teas and coffees. Sales in 2019 were $37 billion. The company distributes its products in more than 200 countries. Core brands include Coca-Cola, Diet Coke, Sprite, Fanta, Coca-Cola Zero, Vitaminwater, PowerAde, and Minute Maid. KO's operating groups are Europe, Middle East & Africa; Latin America; North America; Asia Pacific; Bottling Investments; and Corporate. The company sells beverage concentrates or syrups and finished beverages. Sixty nine percent of the beverage volume sold and distributed is 'Sparkling.' Categorized by brand, 43% is under the Coca-Cola trademark. In 2019 the company created Global Ventures division which includes the new Costa coffee business and Monster Beverage. The company's fourth quarter and fiscal year end on December 31. The first, second and third quarters end on the Friday closest to the end of the calendar quarter.
Chris Graja, CFASenior Analyst: Retail