Few big consumer companies have been hit harder by the pandemic. Yet, as people return to normal in a vaccinated world, the company’s global exposure could be a boon.
With restaurant attendance down, movie theaters mostly closed and consumer enthusiasm for events outside their living rooms at a historic low point, Coca-Cola once again reported depressed revenue with its Q3 earnings. But an uptick in direct-to-consumer (D2C) sales for home use counteracted some of the pain, and in combination with some gradual signs of […]
Beverage giant Coca-Cola (NYSE: KO) reported third-quarter earnings today showing that the business is still struggling from the impacts of the pandemic. While earnings and revenue beat analyst expectations, organic sales (which exclude currency impacts, acquisitions, or divestitures) still declined 6% as the company's away-from-home business continues to struggle. In comparison, rival PepsiCo (NASDAQ: PEP) said in its earnings report earlier this month that it saw 4% organic revenue growth.