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

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.

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

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 »

How organic soda company Tractor Beverages landed on Chipotle's menu - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kenya's flower industry rebounds as lockdowns easeDemand for Kenya's flowers has recovered to around 85% of pre-coronavirus levels as European markets open up after lockdowns, an industry body said, spurring hope that the industry could see a full rebound by next year. Terrific, flowers make people happy. shurufu So many people died from the virus so you need loads of flowers for the funerals, it must be a good business to be in...
Source: Reuters - 🏆 2. / 97 Read more »