Tuesday 21 July 2020

With stadiums, theaters closed, Coke 2Q revenue plunges 28%

Coca-Cola's revenue plunged 28% in the second quarter, but the company said sales had begun to improve last month as lockdowns eased globally.

Half of Coke's sales come from stadiums, movie theaters and other places where people gather in large numbers, venues that have blinked out in the pandemic. April ...
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