Jul
21
Coca-Cola’s Revenue Dropped 28% Last Quarter, but Believes the Worst Days Are Past
Posted in: UncategorizedWith restaurants, sports arenas and movie theaters closed due to the pandemic, the Coca-Cola Company’s net revenue decreased 28% to $7.15 billion for the quarter ending June 26. Away-from-home channels like these account for about half of the company’s business. As shelter-in-place orders ease, however, Coca-Cola noted that performance has improved. Unit cases, which represent…
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