Coca-Cola Asks Investors to Stay Tuned
Coca-Cola's (NYSE: KO) business does best when people are moving around in society. The beverage titan accounts for a significant portion of global daily-drink purchases, but that dominant market share is tilted toward away-from-home consumption at places like restaurants, convenience stores, and sports arenas.
Coke just revealed fiscal third-quarter results that confirmed how that position has become a financial drag during the pandemic as consumers switched to competing brands at supermarket chains or reduced consumption while staying closer to home. In a conference call with Wall Street analysts, CEO James Quincey and his team highlighted the company's slowly improving growth trends, while cautioning that a full rebound might still take time.
Let's look at some takeaways from the call.
Source Fool.com
