In this news, we discuss the Coca-Cola revenue beats expectations as consumers venture out.
(Reuters) – Coca-Cola Co KO.N beat quarterly revenue guidance Thursday as the world’s largest soda maker benefited from the partial reopening of theaters and restaurants, which have remained closed for months due of the COVID-19 pandemic.
Net revenue fell 9% to $ 8.7 billion in the third quarter, above analysts’ average estimate of $ 8.36 billion, according to IBES data from Refinitiv.
Report by Nivedita Balu in Bengaluru; Edited by Arun Koyyur
Original © Thomson Reuters
Originally posted 2020-10-22 11:26:09.