8-KRegulation FDExhibits & Filings

COCA COLA CO 8-K Report, Regulation FD Disclosure (Mar 8, 2022)

Filed March 8, 2022For Securities:KO

Summary

The Coca-Cola Company announced on March 8, 2022, its decision to suspend its business operations in Russia in response to the ongoing geopolitical events. This strategic move reflects the company's commitment to adapting to rapidly evolving market conditions and global challenges. While the full financial impact is still being assessed, management provided a preliminary view by stating that Russia and Ukraine collectively accounted for approximately 1% to 2% of the company's consolidated net operating revenues and operating income in 2021. Additionally, Coca-Cola held a significant 21% ownership stake in Coca-Cola HBC AG, its key bottling and distribution partner in the affected region as of December 31, 2021. The company will continue to monitor the situation closely.

Key Highlights

  • 1Coca-Cola Co. is suspending its business operations in Russia.
  • 2The decision was announced on March 8, 2022.
  • 3Russia and Ukraine combined represented 1-2% of consolidated net operating revenues and operating income in 2021.
  • 4As of December 31, 2021, Coca-Cola held a 21% ownership interest in Coca-Cola HBC AG, a key bottling partner in the region.
  • 5The company is closely monitoring the evolving situation and its impact.
  • 6The disclosure was made under Regulation FD.

Frequently Asked Questions

Coca-Cola is suspending its business in Russia due to the rapidly changing geopolitical conditions and market dynamics in the region.

The company stated that Russia and Ukraine together contributed approximately 1% to 2% of its consolidated net operating revenues and operating income in 2021. The full impact is still being assessed.

Yes, as of December 31, 2021, The Coca-Cola Company held an approximate 21% ownership interest in Coca-Cola HBC AG, which is its bottling and distribution partner in the region.

Yes, the company indicated that it will continue to monitor and assess the situation as circumstances evolve given the rapidly changing conditions in these markets.