steven36 Posted October 22, 2020 Share Posted October 22, 2020 (Reuters) - Coca-Cola Co beat quarterly revenue expectations on Thursday as the world’s largest soda maker benefited from the partial reopening of theaters and restaurants shut for months by the COVID-19 pandemic. The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, said the last quarter was the most challenging one due to lockdowns even though consumers stocked up on sodas and beverages at home. Organic sales, which strip out acquisition and currency impacts, fell 6% for the three months ended Sept. 25, but improved from a 26% fall in the second quarter. Sales of its trademark Coca-Cola and Coca-Cola Zero Sugar improved, Coke said. Net income attributable to the company’s shareholders fell to $1.74 billion, or 40 cents per share, from $2.59 billion, or 60 cents per share, a year earlier. Net revenue fell 9% to $8.7 billion, above the analysts’ average estimate of $8.36 billion, according to IBES data from Refinitiv. Source Link to comment Share on other sites More sharing options...
caraid Posted October 22, 2020 Share Posted October 22, 2020 My heart sank when I read "Sales of its trademark Coca-Cola and Coca-Cola Zero Sugar improved, Coke said." Too much sweet stuff and artificial flavorings are bad for health. Link to comment Share on other sites More sharing options...
steven36 Posted October 22, 2020 Author Share Posted October 22, 2020 2 hours ago, caraid said: My heart sank when I read "Sales of its trademark Coca-Cola and Coca-Cola Zero Sugar improved, Coke said." Too much sweet stuff and artificial flavorings are bad for health. I dont really believe drinking soda pop is bad for your health . People live longer now days than ever before it still the same as long as you dont catch a virus and die. Almost everyone i know ether drinks Sweetened or if they have sugar they drink diet .Pepsi Products sell better than Coke products even. Link to comment Share on other sites More sharing options...
caraid Posted October 24, 2020 Share Posted October 24, 2020 On 10/23/2020 at 4:06 AM, steven36 said: I dont really believe drinking soda pop is bad for your health Are you a fan of soda pop? I used to be but I stopped drinking it a few years back when every medical professional I met cautioned me against it. Link to comment Share on other sites More sharing options...
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