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Coca-Cola earnings fall 33%, but company sees improving demand as lockdowns ease

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Coca-Cola earnings fall 33%, but the company sees improving demand as lockdowns ease. $KO

on Tuesday reported its largest decline in quarterly revenue in at least 25 years, but the company sees demand improving as global lockdowns ease.

Coke reported fiscal second-quarter net income of $1.78 billion, or 41 cents per share, down from $2.61 billion, or 61 cents per share, a year earlier. Global unit case volume shrank by 16%, although volume trends have shown 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. The company attributed the change to improvements in its away from home sales, which typically make up about half of its revenue, and sustained, higher sales for its at-home drinks.

 

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A gain for global health.

Pray 4 Chen

Eating and drinking sweets weakens our bodies immune system. Ergo, makes us more susceptible to covid and other diseases.

Coca Cola is

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