Coca-Cola Explains Why a Full Recovery Could Take Years
Coca-Cola (NYSE: KO) investors recently saw some metrics that they aren't used to seeing from the blue chip stock. Shifts in consumer behavior since the beginning of the COVID-19 pandemic led to significant market share losses, the company said in its second-quarter earnings report. Meanwhile, profits and cash flow both slumped.
In a conference call with Wall Street analysts following that report Tuesday, CEO James Quincey and his team expressed optimism that the worst is likely behind the company when it comes to those critical trends. However, management suggested it might be more than a year before the business returns to its pre-pandemic sales levels.
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Source Fool.com
