Should You Buy Coca-Cola Stock After Q3 Earnings?
Coca-Cola (NYSE: KO), the international manufacturer and seller of beverages, reported third-quarter 2021 earnings at the end of October. That report highlighted its continued efforts to recover from disruptions caused by the coronavirus pandemic.
The company gets a majority (56%) of its sales from away-from-home channels, so when those establishments had to close temporarily or operate at reduced capacity, it adversely impacted Coca-Cola's business and its stock price. As the economy reopens, it can be argued that this majority segment of the business should recover. But will the stock as well?
Let's consider Coca-Cola's prospects after it reported third-quarter earnings and see if it's an excellent time to buy the stock.
Source Fool.com
