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Coca-Cola Q2 Revenue Drops As Social Spaces Remained Closed Amid Covid-19

By John F. Heerdink, Jr.

The Coca-Cola Company (KO) released second-quarter earnings last month, reporting net revenues of $7.15B. The soda giant witnessed a 28.5% drop in quarterly revenue as sales of its trademark sodas dropped due to closure of restaurants, theaters, and sporting venues caused by the COVID-19 pandemic. Net income dropped to $1.78 billion, or 41 cents per share, versus $2.61 billion a year earlier.

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.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Coca-Cola revenue falls about 29% as lockdowns crimp soda sales in Reuters)


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