Coke Overcomes Declining Demand to Post Strong Q4 Sales
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Coke Overcomes Declining Demand to Post Strong Q4 Sales
Coke Overcomes , Declining Demand to, Post Strong Q4 Sales.
ABC reports that Coca-Cola posted higher-
than-expected revenue in Q4, as lower
demand in the United States was offset by
growth in Mexico, Germany and other markets.
ABC reports that Coca-Cola posted higher-
than-expected revenue in Q4, as lower
demand in the United States was offset by
growth in Mexico, Germany and other markets.
On February 13, the Atlanta-based beverage
giant said that revenue increased 7% to reach
$10.8 billion between October and December.
On February 13, the Atlanta-based beverage
giant said that revenue increased 7% to reach
$10.8 billion between October and December.
According to analysts polled by FactSet,
the final numbers exceeded
Wall Street's prediction of $10.7 billion.
.
Coca-Cola projected 6% to 7%
of full-year organic revenue growth in
2024, down from 12% growth in 2023.
.
ABC reports that the company's gains were driven by
sparkling soft drinks, juices and Coca-Cola Zero Sugar,
while demand for sports drinks, coffee and tea fell.
.
According to Coca-Cola,
prices increased by 8% in Q4.
The Q4 price increase, combined with double
digit increases in 2023, have driven some
consumers to switch to cheaper store brands.
Meanwhile, the company saw
unit case volumes grow
in other global markets.
.
Net income dropped 3%
to reach $1.9 billion,
or about 46 cents per share.
.
After posting the Q4 results,
shares in Coke rose nearly
1% in premarket trading.
A far-right German politician will continue to run in the upcoming European parliamentary elections despite allegations that his advisor was spying for China. Sky News
Rishi Sunak and German Chancellor Olaf Scholz held a joint press conference. Speaking today in Berlin, the prime minister confirmed the reduction in civil service headcount to pre-pandemic levels would partly fund the defence spending uplift. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
2024 Rock & Roll Hall of Fame Inductees , Are Announced.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
This year's honorees are
Mary J. Blige, Cher, Dave Matthews Band.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Foreigner, Peter Frampton, Kool & The Gang.
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
Ozzy Osbourne and
A Tribe Called Quest, NPR reports. .
John Sykes, chairman of the Rock & Roll
Hall of Fame Foundation, issued a
statement about this year's inductees.
Rock & Roll is an ever-evolving
amalgam of sounds that impacts
culture and moves generations, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
This diverse group of inductees
each broke down musical barriers
and influenced countless artists
that followed in their footsteps, John Sykes, chairman of the Rock & Roll Hall of Fame Foundation, via NPR.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
Additionally, the Musical Influence Award will go to Alexis Korner, John Mayall and Big Mama Thornton.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Musical Excellence Award will be given to
Jimmy Buffett, MC5, Dionne Warwick
and Norman Whitfield.
The Ahmet Ertegun Award, which honors those
who don't perform music but have made an impact
in the industry, will go to Suzanne de Passe.
The induction ceremony will take place on Oct. 19 and will stream live on Disney+.
It will be available to view on Hulu the following
day and will also air on ABC at a later date.
It will be available to view on Hulu the following
day and will also air on ABC at a later date
Credit: Wibbitz Top Stories Duration: 01:30Published
Beloved 'Golden Bachelor' couple Gerry Turner and Teresa Nist are sadly calling it quits. Just three months after tying the knot in an ABC special in January, the couple, whose engagement was revealed in Nov, announced they are getting a divorce. They sat down with 'Good Morning America' to reveal their decision but offered little to an audience that will want to know what happened after witnessing their inspiring later-in-life love story unfold.
Credit: The Hollywood Reporter Duration: 02:04Published
Ford Orders Recall , Over Potential SUV Gas Leak.
ABC reports that Ford has ordered
a recall for almost 43,000 small SUVs
due to a potential risk of fire. .
The recall impacts some Bronco
Sport SUVs from 2022 and 2023,
as well as 2022's Escape SUVs. .
According to Ford, gasoline can leak from
fuel injectors near or onto hot engine surfaces,
which increases the risk of starting fires.
The recall does not reportedly include repairing
any potential fuel leak, which the company
claims only impacts about 1% of their SUVs.
ABC reports that Michael Brooks, executive director
of the nonprofit Center for Auto Safety,
has called Ford's decision a "Band-aid type recall.".
Brooks claims that even a 1% failure
rate is high and places drivers
at potential risk for a crash.
The NHTSA said that it lacks legal
authority to pre-approve recall fixes. .
The agency added that it would, "closely track their performance using field data.".
However, Brooks suggests that Congress
needs to change laws so that the NHTSA can , "require something more than the rubber
stamp that NHTSA is currently deploying.”.
That is a post-remedy inquiry
that won't make the fixes better,
and further stretches out the process
and leaves consumers in limbo. , Michael Brooks, executive director of the
nonprofit Center for Auto Safety, via ABC
Credit: Wibbitz Top Stories Duration: 01:30Published
US Life Expectancy on the Rise , Following Pandemic Decline, CDC Report Says.
According to the latest federal
mortality data, life expectancy in
the United States increased in 2022. .
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The positive change comes after two
years of decline following the pandemic.
The positive change comes after two
years of decline following the pandemic.
While life expectancy has yet to reach
pre-pandemic levels, 2022 showed
an increase of 1.1 years compared to 2021.
2022 ended up recording 3.27 million
deaths in the U.S., which was
184,374 fewer deaths than the year before.
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
ABC reports that both males and
females saw approximately the same
increase in life expectancy from 2021 to 2022.
Over the same period of time,
the death rate decreased
for nearly every age group. .
Another NCHS report found that rates of
drug overdose deaths from synthetic opioids
increased by 4.1% between 2021 and 2022.
Credit: Wibbitz Top Stories Duration: 01:30Published
Phase One Investigative Maui Wildfire Report , to Be Released Next Month.
ABC reports that seven months after deadly
wildfires devastated Maui, an investigative
report will be released on April 17, 2024.
Hawaii Attorney General Anne Lopez commissioned the
Fire Safety Research Institute (FSRI) to conduct an
independent investigation alongside several local agencies.
The first phase of the investigation is meant
to analyze how the disaster unfolded during
the first 24 to 72 hours, as well as its aftermath. .
The report also includes
a comprehensive timeline of events. .
According to the AG's office, the FSRI research
team ran into unexpected delays while
gathering information critical to their review. .
In November of 2023, subpoenas were served to the
Maui Emergency Management Agency, the County
of Maui Department of Public Works and the
County of Maui Department of Water Supply.
Those subpoenas demanded materials relevant
to the investigation, including documents and photos, as well as video and audio recordings.
Being able to review all of the data,
which is extensive, has a tremendous
impact on the comprehensive analysis
of the fire incident and our
recommendations to make Hawaiʻi
a safer place to live, work and play, Steve Kerber, Ph.D., PE, vice president and executive director of FSRI, via ABC.
An analysis of this magnitude cannot be
rushed, and we must allow for the time
needed to make sure this investigation,
based on science, is done correctly, Anne Lopez, Hawaii Attorney General, via ABC.
I am confident that the Phase One
report will provide some answers
to the questions surrounding
the tragic wildfire incident, Anne Lopez, Hawaii Attorney General, via ABC
Credit: Wibbitz Top Stories Duration: 01:31Published
An accident on the set of an upcoming heist film starring Eddie Murphy and Keke Palmer has injured several crew members. The Hollywood Reporter has confirmed the incident happened on the set of Amazon MGM Studios' upcoming film 'The Pickup' starring Murphy and Palmer, which is shooting in Atlanta, on Saturday. Per an Amazon MGM Studios spokesperson, the accident occurred during a second unit action sequence that had previously been rehearsed. The spokesperson stated, "Unfortunately, the sequence did not go as planned and several members of the crew were injured as a result."
Credit: The Hollywood Reporter Duration: 01:10Published
So much for Sunday Funday ... T-Pain's weekend came to a crashing end in Atlanta, when a speeding driver severely rear-ended the Auto-Tune Don's vehicle, and.. TMZ.com
This Day in History: , Hank Aaron Breaks Babe Ruth’s
All-Time Home Run Record.
April 8, 1974.
Aaron hit his 715th home run
to earn the new record in front of
a crowd of 53,775 in Atlanta.
He hit the record-breaking homer
off a pitch from LA Dodgers' Al Downing.
The extraordinary achievement
would remain in place until 2007.
Aaron made his major league debut
with the Milwaukee Braves in 1954.
Over the span of his 23-year career,
Aaron played for the Braves in both Milwaukee and
Atlanta. He ended his career with the Milwaukee Brewers.
When he retired in 1976,
he had 755 home runs.
He was inducted into the
Baseball Hall of Fame in 1982
Credit: Wibbitz Top Stories Duration: 00:56Published
This Day in History: , Dr. Martin Luther King Jr. Is Assassinated.
April 4, 1968.
King was shot and killed
as he stood on the second-floor balcony
of the Lorraine Motel in Memphis, TN.
The “apostle of nonviolence”
had gone to Memphis in support
of a sanitation workers' strike.
Widely recognized as the most prominent
face of the American Civil Rights Movement,
Dr. King was just 39 years old.
In a prophetic speech the night before his murder,
King stated that, “I’ve seen the promised land.
I may not get there with you.".
Petty criminal James Earl Ray was arrested
two months later and eventually
pleaded guilty to King's assassination.
After being sentenced to 99 years in prison,
Ray recanted his confession. Questions of a
conspiracy to assassinate Dr. King continue to linger.
King's death sparked riots in
more than 100 American cities.
On April 9, tens of thousands of mourners
lined the streets of Atlanta to pay their respects
on the day King was laid to rest
Credit: Wibbitz Top Stories Duration: 01:07Published
'Curb Your Enthusiasm' has captured the attention of Georgia's Secretary of State. The season premiere of the final season of the HBO comedy featured Larry David being arrested for violating Georgia's election integrity law for giving his friend Leon Black's aunt a bottle of water while she waited in line to vote on a hot day in Atlanta. He's now facing a looming trial on the series. The storyline must have made its way to the state capitol, because last month Georgia's Secretary of State, Brad Raffensperger, sent a letter to David addressing the plotline about the 2021 voting law.
Credit: The Hollywood Reporter Duration: 01:52Published
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