The Coca-Cola Company

The Coca-Cola Company
FoundedJanuary 29, 1892 (1892-01-29)
Atlanta, Georgia, U.S.
Area served
Key people
ProductsList of The Coca-Cola Company products
RevenueIncrease US$43.0 billion (2022)
Increase US$10.9 billion (2022)
Decrease US$9.6 billion (2022)
Total assetsDecrease US$92.7 billion (2022)
Total equityIncrease US$25.8 billion (2022)
Number of employees
Increase 86,200 (2019)[2]
SubsidiariesList of the Coca-Cola Company subsidiaries

The Coca-Cola Company is an American multinational corporation founded in 1892, best known as the producer of Coca-Cola. The drink industry company also manufactures, sells, and markets other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. The company's stock is listed on the NYSE and is part of the DJIA and the S&P 500 and S&P 100 indexes.

The soft drink was developed in 1886 by pharmacist John Stith Pemberton. At the time it was introduced, the product contained cocaine from coca leaves and caffeine from kola nuts which together acted as a stimulant. The coca and the kola are the source of the product name, and led to Coca-Cola's promotion as a "healthy tonic". Pemberton had been severely wounded in the American Civil War, and had become addicted to the pain medication morphine. He developed the beverage as a patent medicine in an effort to control his addiction.

In 1889, the formula and brand were sold for $2,300 (roughly $71,000 in 2022) to Asa Griggs Candler, who incorporated the Coca-Cola Company in Atlanta in 1892. The company has operated a franchised distribution system since 1889.[3] The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The company owns its anchor bottler in North America, Coca-Cola Refreshments.[4]

  1. ^ "2022 Proxy Statement" (PDF). The Coca Cola Company. Retrieved April 26, 2022.
  2. ^ "2019 Annual Report (Form 10-K)" (PDF). The Coca-Cola Company. February 24, 2020. Retrieved September 5, 2020.
  3. ^ "The Story of Coca-Cola: A Successful Franchising Strategy". Prestige Franchising Limited. April 27, 2017. Retrieved November 30, 2020.
  4. ^ Merced, Michael J. de la (February 25, 2010). "Coke Acquires North American Unit of Bottler (Published 2010)". The New York Times. ISSN 0362-4331. Retrieved November 30, 2020.