Coca-Cola earnings hit by virus halt to sports, entertainment events

Italia Notizia Notizia

Coca-Cola earnings hit by virus halt to sports, entertainment events
Italia Ultime Notizie,Italia Notizie

Net income came in at US$1.8 bil, down 32%, behind a 28% decline in sales. FMTNews CocaCola

NEW YORK: Coca-Cola reported a steep drop in second-quarter profits Tuesday due to a big decline in away-from-home consumption, especially at the height of the coronavirus lockdowns.

Like many other large companies, Coca-Cola withdrew its annual forecast this spring amid the upheaval of the Covid-19 shutdowns.

 

Italia Ultime Notizie, Italia Notizie



Render Time: 2025-01-10 10:52:04