Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6530
    +0.0030 (+0.46%)
     

  • OIL

    82.97
    +0.16 (+0.19%)
     

  • GOLD

    2,339.30
    +0.90 (+0.04%)
     

  • Bitcoin AUD

    97,697.27
    -4,204.05 (-4.13%)
     

  • CMC Crypto 200

    1,359.24
    -23.33 (-1.69%)
     

  • AUD/EUR

    0.6086
    +0.0015 (+0.25%)
     

  • AUD/NZD

    1.0948
    +0.0007 (+0.06%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,099.65
    +59.27 (+0.74%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,005.70
    -83.00 (-0.46%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

Coca-Cola Sees Demand Improving After 32% Drop in Second-Quarter Earnings

Howard Smith, The Motley Fool
·2-min read
Coca-Cola Sees Demand Improving After 32% Drop in Second-Quarter Earnings

Coca-Cola (NYSE: KO) reported on Tuesday that its second-quarter revenue dropped 28% compared with the year-ago quarter, with organic revenue (which excludes currency impacts, acquisitions, or divestitures) down 26%. Coca-Cola said its revenue declines were led by a 22% drop in concentrate sales, largely caused by weak away-from-home sales, as bars and restaurants remained closed or relied solely on takeout during the pandemic. Coca-Cola said unit case volume sales dropped 16% for the quarter, but gradually increased throughout the time period.

Continue reading