News Formal

Here's what to expect from Coca-Cola earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Shares of Coca-Cola have fallen 16% so far this year.

CEO James Quincey told CNBC in May that the company was still seeing negative volumes.Ramin Talaie | Getty ImagesHere's what Wall Street is expecting, based on a survey of analysts by Refinitiv:has weighed on both supply and demand for Coke's products. About half of the company's revenue typically comes from consumers drinking at home. To keep up with the shift in demand away from restaurants to home occasions, the company has focused production on its more popular beverages.

Although not directly tied to the pandemic, Coke recently said it is discontinuing its Odwalla juice and smoothie products amid slowing sales and a greater need for efficiency. CEO James Quincey told CNBC in May that the company was still seeing negative volumes, although demand has recovered some since plunging 25% in April. The Atlanta-based company pulled its 2020 outlook in mid-March as countries around the world shut restaurants, universities and offices to slow the spread of the virus.that it would be pausing all social media advertising for 30 days.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How organic soda company Tractor Beverages landed on Chipotle's menu - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Qualcomm could break through major resistance into earnings, trader saysQualcomm is set to report in just over a week. Here's how Todd Gordon of Ascent Wealth Partners is trading the stock into earnings.
Source: CNBC - 🏆 12. / 72 Read more »

IBM shares jump after better-than-expected earningsIBM shares jumped about 6% in after-hours trading Monday after a second-quarter earnings report that was not quite as painful as Wall Street had feared, despite disruptions caused by the coronavirus pandemic Cooking the books?
Source: CNN - 🏆 4. / 95 Read more »