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Coca-Cola Beats Estimates As Demand Bounces For Beverages At Theaters, Restaurants, Stadiums

By John F. Heerdink, Jr.

The Coca-Cola Company (KO) reported strong Q2 figures as demand bounces back for its beverages as theaters, restaurants, and stadiums reopen. Revenue in Coca-Cola’s North America business increased 28% in the second quarter as public venues reopened and restrictions eased out across the United States, as citizens got vaccinated. 

The beverage giant expects annual organic revenue to grow 12% to 14%, in comparison to its prior forecast of a high single digits increase. Annual adjusted earnings per share are expected to rise 13% to 15%, compared with a prior forecast of a high single-digit to low double digits increase. Net revenue increased 42% to $10.1 billion in the second quarter ending July 2. The company had reported a 28% drop in total net revenues in the year-ago quarter due to the pandemic-driven lockdowns.

Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere. To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.

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(Read Original Story: Coca-Cola raises revenue forecast as demand rebounds on reopening boost in Reuters)


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