The Coca-Cola Company

The Coca-Cola Company
Company typePublic
ISINUS1912161007
IndustryBeverage
FoundedJanuary 29, 1892 (1892-01-29), in Atlanta, Georgia, U.S.
FounderAsa Griggs Candler
Headquarters,
U.S.
Area served
Worldwide
Key people
BrandsList of Coca-Cola brands
RevenueIncrease US$45.8 billion (2023)
Increase US$11.3 billion (2023)
Increase US$10.7 billion (2023)
Total assetsIncrease US$97.7 billion (2023)
Total equityIncrease US$27.5 billion (2023)
Owners
Number of employees
Increase 79,100 (2023)
SubsidiariesList of subsidiaries
Websitecoca-colacompany.com
Footnotes / references
[1][2]

The Coca-Cola Company is an American multinational corporation founded in 1892. It produces 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. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 20, 2024. Retrieved February 21, 2024.
  2. ^ "2023 Proxy Statement". U.S. Securities and Exchange Commission. March 10, 2023. Retrieved October 19, 2023.
  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.