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The Coca-Cola Company
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 Coca-Cola headquarters in Atlanta | |
| Company type | Public |
|---|---|
| ISIN | US1912161007 |
| Industry | Beverage |
| Founded | January 29, 1892 in Atlanta, Georgia, U.S. |
| Founder | Asa Griggs Candler |
| Headquarters | Atlanta, Georgia , United States |
Area served | Worldwide |
Key people |
|
| Products | Soft drinks, non-alcoholic and alcoholic beverages |
| Brands | List of Coca-Cola brands |
| Revenue |  US$45.8 billion (2023) |
| US$11.3 billion (2023) | |
| US$10.7 billion (2023) | |
| Total assets | US$97.7 billion (2023) |
| Total equity | US$27.5 billion (2023) |
| Owners |
|
Number of employees | 79,100 (2023) |
| Subsidiaries | List of subsidiaries |
| Website | coca-colacompany |
| Footnotes / references [1][2] | |
The Coca-Cola Company is an American multinational corporation founded in 1892. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indexes.
Coca-Cola 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. At the time, cocaine was being promoted as a "cure" for opioid addiction, so he developed the beverage as a patent medicine in an effort to control his addiction.[3]
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, Georgia in 1892. The company has operated a franchised distribution system since 1889.[4] The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories.
- ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 20, 2024. Retrieved February 21, 2024.
- ^ "2023 Proxy Statement". U.S. Securities and Exchange Commission. March 10, 2023. Retrieved October 19, 2023.
- ^ "John "Doc" Pemberton and His Amazing Medicine". www.moas.org. Retrieved May 24, 2024.
- ^ "The Story of Coca-Cola: A Successful Franchising Strategy". Prestige Franchising Limited. April 27, 2017. Archived from the original on December 15, 2021. Retrieved November 30, 2020.
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