Coca-Cola's 3Q Revenue Falls, Hurt By Away-From-Home Channels
22 Octubre 2020 - 6:47AM
Noticias Dow Jones
By Allison Prang
Coca-Cola Co.'s revenue declined in the third quarter as the
company continued to see pressure in its away-from-home
channels.
The beverage company said profit was $1.74 billion, or 40 cents
a share. A year earlier, net income was $2.59 billion, or 60 cents
a share. The company logged adjusted earnings of 55 cents a
share.
Net operating revenues of $8.65 billion fell 9% year over year.
They were more than analysts' consensus according to FactSet of
$8.36 billion. Organic revenue also declined.
The company said the drop in revenue was "driven by ongoing
pressure in away-from-home channels partially offset by sustained
growth in at-home channels" as coronavirus-pandemic lockdowns and
restrictions continue to affect some markets.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 22, 2020 07:32 ET (11:32 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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