New Delhi: Leading beverage company Coca-Cola is celebrating its 132nd birthday on Tuesday. The Cola drink was first served in Atlanta, Georgia on May 8th, 1886 for the first time.
A local pharmacist named Dr John Stith Pemberton made the syrup for Coca-Cola. The drink was placed on sale for five cents a glass as a soda fountain drink thereafter.
True icons are timeless. Today marks the 132nd birthday of Coca-Cola, raise a glass to celebrate with us. pic.twitter.com/nOZ5mtN0sH
— Coca-Cola GB (@CocaCola_GB) May 8, 2018
Several twitter users wished the cola company on its birthday.
— Sharon Keith (@sharonakeith) May 8, 2018
— Benjamin Tsang (@stripeboy) May 8, 2018
Happy birthday @CocaCola!
After 132 years, will the soft drink giant succeed in transforming itself in the face of growing consumer awareness? https://t.co/ShIr0N2wXH Capital is @ risk pic.twitter.com/6RiksAJgnG
— iFOREX (@iForex_com) May 8, 2018
The company reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, offsetting sluggish sales of fizzy drinks, sending its shares up as much as 2 percent.
For the fourth quarter, however, the company took a $3.6 billion charge related to the tax law, resulting in a net loss compared with a profit a year earlier.
Coke and rival PepsiCo (PEP.O) have been struggling with lower sales of their sugary sodas as consumers shift to healthier drinks. Earlier this week, Pepsi also reported weak quarterly sales of sodas and sugary drinks.
To stem the decline, Coke relaunched its iconic low-calorie Diet Coke in four new flavors - ginger-lime, feisty cherry, blood orange and twisted mango - earlier this year, and has focused on its non-fizzy beverages such as Georgia coffee and Glaceau vitamin water.
With Reuters Inputs