. 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.
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