Coronavirus lockdowns to hurt Coca-Cola's second-quarter sales [Reuters]
Coca-Cola Company (The) (KO)
Last coca-cola company (the) earnings: 4/21 05:55 am
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Source: Reuters
Coca-Cola sees second-quarter sales hit from coronavirus lockdown (Reuters) - Coca-Cola Co on Tuesday forecast a hit to current-quarter results as restaurants, theaters and other venues that represent about half of the company’s revenue remain closed because of the coronavirus pandemic. However, shares of the company rose about 2% in trading before the bell after the soda maker reported better-than-expected revenue and profit for the first quarter and said it expected conditions to start improving from mid-year. Coca-Cola provides syrups and concentrates to several fast-food chains, theaters, amusement parks among other venues, most of which have either closed all operations or limited their businesses. Several concerts and sporting events, including the company-sponsored Tokyo 2020 Olympics, have been postponed or canceled. As a result, volumes fell about 25% globally since the beginning of April, largely stemming from the loss of sales other than at retail stores, the company said.
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- 10/21/25 - Beat
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- 11/19/25 - Form 4
- 11/17/25 - Form 144
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- KO's page on the SEC website