Coca-Cola CEO says its business is still lagging even in markets that have coronavirus under control

. The latest surge has led many states and countries to reimpose restrictions on bars, movie theaters and indoor dining, dealing a blow to Coke's business.second quarter

, revenue plunged 28% to $7.2 billion, marking its largest quarterly revenue decline in more than 30 years. Unit case volume, which helps measure growth without the impact of price and currency changes, showed signs of sequential improvement as global lockdowns ease. After plunging 25% in April, unit case volume fell by just 10% in June. So far in July, volume has fallen by the mid-single digits.

Shares of Coke were up nearly 3% in morning trading. The stock, which has a market value of $203 billion, has fallen 14% so far this year.

I am concerned for two reasons. Odwalla is one of the best juices out there. I knew those guys from the 80s. I didn’t like it when Coke acquired them. My second concern is less people are drinking Coke. Soda is passé.

When are layoff announcements coming sir? People have no clue what is coming in next couple months.

Coke needs to get back to being the world's 1 polluter of plastic.

He just have to find a way to get Trump to declare that drinking Coke will keep CoronaVirus away. His supporters will sure drink lots more.

Seems like logical explanation. Coke will be around for a long time.

Share price still going up so 🤷🏾‍♂️

why not advertise your product as a prevention against Covid-19?

Your drink is SHIT my dear friend welcome to the 2020s

People are dieting more. Your drink is not perceived healthy

Coke is the 1 polluter of plastics.

Sugar is poison.

It was before the pandemic. No one wants to drink high calorie drinks.

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.

Coca-Cola earnings fall 33%, but company sees improving demand as lockdowns easeCoca-Cola CEO James Quincey said the company believes that the second quarter will likely be the most challenging of the year. Coca Cola is Eating and drinking sweets weakens our bodies immune system. Ergo, makes us more susceptible to covid and other diseases. Pray 4 Chen
Source: CNBC - 🏆 12. / 72 Read more »

Here's what to expect from Coca-Cola earningsShares of Coca-Cola have fallen 16% so far this year.
Source: CNBC - 🏆 12. / 72 Read more »

Coca-Cola earnings fall 33%, but company sees improving demand as lockdowns easeCoca-Cola CEO James Quincey said the company believes that the second quarter will likely be the most challenging of the year. Coca Cola is Eating and drinking sweets weakens our bodies immune system. Ergo, makes us more susceptible to covid and other diseases. Pray 4 Chen
Source: CNBC - 🏆 12. / 72 Read more »

Foreign Box Office: South Korea's 'Peninsula' Bows to Big $20M'Peninsula''s strong performance in select Asian markets is welcome news for the film business amid the ongoing coronavirus crisis Very good news for reals 👍😁 Can't wait ‼️
Source: THR - 🏆 411. / 53 Read more »

Foreign Box Office: South Korea's 'Peninsula' Bows to Big $19M-$20M'Peninsula' scored $19 million to $20 million in its international debut in a much-needed boost for the box office, according to early industry estimates I wanna see this, whatever this is, based on this pic alone. They should release the movie digitally in the US market. I’m craving this sequel.
Source: THR - 🏆 411. / 53 Read more »