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Coca-Cola's Sales Rebound in the Second Quarter: Three Takeaways

·3 min read
Coca-Cola's Sales Rebound in the Second Quarter: Three Takeaways
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Coca-Cola (NYSE: KO) was heavily impacted by the pandemic due to its significant away-from-home segment that was crushed when people stayed home. The main thorn in Coke's side was the drop in the on-the-go business, so it was a fairly sure thing that sales would bounce back with the reopening of the economy. Before the pandemic started, the away-from-home category accounted for about half of total sales, which meant that Coca-Cola was set up for calamity when the world shut down.