Consumers Are Going Out Again: Why That's Good News for Coca-Cola's Q2 Earnings
Coca-Cola (NYSE: KO) will report second-quarter results on Wednesday, July 21. The company suffered a pullback in revenue in 2020 as the pandemic caused folks to stay at home more often.
That hurt Coca-Cola because it derives a majority of its sales from away-from-home channels such as restaurants, movie theaters, sports stadiums, and theme parks. Fortunately, several billion doses of vaccines against the coronavirus have been administered, giving folks the confidence to go out more often. The reversal of the stay-at-home trend should help Coca-Cola drive revenue growth in 2021.
Image source: Getty Images.
Source Fool.com
