Coke Inches Back as CEO Sees ‘Many Challenges’ Still Ahead

(Bloomberg) — Coca-Cola Co. sales are inching back toward normal, even as it warns a resurgent virus could continue to muddle near-term results.Global unit case volume was down 4% in the third quarter as the restaurants and entertainment venues that make up about half of revenues aren’t yet back to normal. Still, that’s far better than the second quarter when volume fell 16%. Some increase in at-home consumption has helped offset the problems in public spaces.“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 …read more

Source:: Yahoo Finance


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