BELOW SUPERNAV drop zone ⇩

Coca-Cola to discontinue engergy beverages in North America

(Joe Raedle/Getty Images)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NEXSTAR) — The Coca-Cola Company is refocusing its energy on beverages that aren’t Coke Energy.

The energy drink, which boasted guarana extract, B-vitamins and over three times the amount of caffeine of a traditional Coke, was originally touted as “the biggest Coca-Cola innovation of 2020″ upon its debut in January of that year. Coca-Cola even promoted its then-new beverage during the broadcast of Super Bowl LIV, in a 60-second commercial starring Martin Scorsese and Jonah Hill.

(The Coca-Cola Company)

But now, just under a year and a half later, Coca-Cola is discontinuing the drink in North America to “streamline” its portfolio and refocus on newer offerings, like its AHA sparkling water.

“Our strategy is focused on scaling big bets across a streamlined portfolio … As we scale our best innovations quickly and effectively like AHA and Coca-Cola with Coffee, we need to be disciplined with those that don’t get the traction required for further investment,” a spokesperson for the company said in a statement obtained by Reuters on Friday.

In January 2020, however, Coca-Cola had big hopes for Coke Energy’s U.S. launch. In a press release issued that month, Coca-Cola noted that energy drinks were among the fastest-growing beverage categories in the country, but cited research claiming customers were hesitant to try beverages from “unfamiliar brands.”

“We’re making energy drinks more accessible and approachable to more people,” said Brandan Strickland, brand director of Coca-Cola Trademark, in the press release. “We recognized an opportunity to meet an unmet need in the category and give more people even more reasons to reach for a Coke.”

While discontinued in North America, Coke Energy will continue to be available in other markets, Reuters reported.

The Coca-Cola Company, meanwhile, isn’t entirely out of the energy drink business: The company currently owns a stake in Monster Beverage, the makers of Monster Energy, among other drinks.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

58°F Cloudy Feels like 58°
Wind
0 mph S
Humidity
89%
Sunrise
Sunset

Tonight

Overcast. Low 52F. Winds light and variable.
52°F Overcast. Low 52F. Winds light and variable.
Wind
2 mph SSW
Precip
19%
Sunset
Moon Phase
Waning Crescent