Coca-Cola results beat as sales improve from pandemic lows [Toronto Globe and Mail (Ontario, Canada)]
Coca-Cola Company (The) (KO)
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Source: Toronto Globe and Mail
Coca-Cola results beat as sales improve from pandemic lows Coca-Cola reported quarterly results Thursday. REGIS DUVIGNAU/Reuters Coca-Cola reported quarterly results Thursday. Coca-Cola Co beat revenue and profit expectations on Thursday as strong “at-home” sales helped the world’s largest soda maker bounce back from a shattering second quarter, sending its shares up 2% before the bell. The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, reported a slowdown in declines in “away-from-home” sales and said the last quarter had been its most challenging. The company said sales of its trademark Coca-Cola and Coca-Cola Zero Sugar were now positive. “While many challenges still lie ahead, our progress in the quarter gives me confidence we are on the right path,” Chief Executive Officer James Quincey said in a statement. Organic sales, which strip out acquisition and currency impacts, fell 6% for the three months ended Se
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