Coca-Cola sees second quarter sales hit from coronavirus lockdown

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Coca-Cola Co on Tuesday forecast a significant hit to current-quarter results as restaurants, theaters and other venues that represent about half of the company's revenue remain closed because of the coronavirus pandemic.

FILE PHOTO: Coca-Cola bottles are pictured in Lagos, Nigeria November 5, 2019. REUTERS/Temilade Adelaja

The rapid spread of the novel coronavirus, which was first detected in the Chinese city of Wuhan last December, has claimed the lives of nearly 170,000 across the globe and has forced restaurants, grocers, sports arenas and entertainment venues to shut doors. The Atlanta-based beverage maker, which last month said it would not be able to reach this year’s financial goals, now expects current-quarter comparable revenue to include a 4% to 5% hit from a stronger dollar.

Source: News Formal (newsformal.com)

 

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Caffeine free Diet Coke and tia Maria! I’m definitely a new and loyal customer ha!

Sorry CocaCola ... but because we StayHome - there's no need for the additional caffeine.

Because i tastes like shite. Pepsi is the only way!

It's because restaurants, bars and events aren't open. Not sad.

Cherry Coke is not technically a fruit but it sure is hell of a coping mechanism!

And I'm sure its recent price increases have something to do with this as well.

Now this is a good thing.

At least the world will take a break from the plastic menace.

But I've been buying coke zero every day

WLSmith991 Not a bad thing at all

Dr Pepper!!!

Next to the positive environmental effects of stay-at-home, this is high on the list of the positive health effects.

Seriously, I don’t feel bad for them.

It's unhealthy piles of carbonated water and sugar anyway, gosh knows look at diabetes rates in nations that sell a pile of this product you will see a correlation. I am sure people can live without putting more garbage in their bodies anyway.

Hehe they promote because they want more money for Warren Buffet, friend of Bill Gates.

Coca-Cola is worse than coronavirus

Not always coca cola™

Good. Nothing but liquid sugar anyway

People's are being cool drinks now days..and health conscious very High in india now..

They’d see even more if they would reintroduce cocaine in to their recipe I have been waiting 82 years

How about Pepsi cola?🤔

Shit is more expensive than a barrel of oil now 🤷🏻‍♂️

Just gonna drop this right here...

Oh, I don’t know. My consumption of rum and coke is way up!

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