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

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

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:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines