Coca-Cola reports profit rose 13 percent in Q3
ATLANTA he Coca-Cola Co., the world’s largest beverage maker, reported Wednesday a 13 percent increase in third-quarter profit on a double-digit increase in sales.
Beating market expectations, Atlanta-based Coca-Cola said it earned $1.65 billion, or 71 cents per share, compared to a profit of $1.46 billion, or 62 cents per share, for the same period a year ago.
Revenue in the quarter rose 19 percent to $7.69 billion, compared to $6.45 billion a year ago.
In morning trading on Wednesday, Coca-Cola shares rose 95 cents to $58.71.
Chocolate factory adds 500 new jobs
STRATHAM, N.H. Lindt USA’s 300,000-square-foot addition to its national headquarters and production facility will add 500 jobs to New Hampshire’s economy, making it the “sweetest,” if not the “chocolatiest” state in the nation, said Gov. John Lynch after the ribbon cutting ceremony Thursday.
The company produces its Lindor Truffle collection at the facility—about 7 million truffles are made daily—and soon will produce bars, as well. The expansion project comes during major growth in the premium chocolate market.
NCA to move All Candy Expo to spring starting in 2008
VIENNA, Va. Following the success of a successful fall 2007 show, the National Confectioners Association, sponsor of the All Candy Expo, announced Monday that the dates of the 2008 expo will be move to May 20 to May 22.
The move follows research that confirmed more than 75 percent of the expo’s current exhibitors agreed that the spring dates would give them additional opportunities in the marketplace. “Predominantly speaking, the spring dates let buyer attendees take advantage of earlier buying cycles while many confectionery and snack exhibitors are afforded an extended selling timeline for the year,” said NCA President Larry Graham.
The expo, billed as the largest confectionery, cookie and snack show in the Americas, touts exhibitor participation up by 12 percent and a floor plan that grew 9 percent from 2006. Graham expects the All Candy Expo to continue to grow in the coming year, stating that the show will add more than 130 exhibiting companies.