Coca-cola expects Q2 hit as Covid-19 closes most revenue streams
Restaurants, theatres and other venues being closed has seen volumes fall by 25% globally since the start of April
21 April 2020 - 18:25
Bengaluru — Coca-Cola said on Tuesday that its expected current-quarter results to take a hit as restaurants, theatres and other venues that represent about half the company’s revenue remain closed because of the coronavirus pandemic.
The drinkmaker’s shares, a Dow 30 component, were down about 4%. They have lost about 16% so far this year...
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