The Coca-Cola Company (NYSE: KO) was featured in an analysis report discussing the recent decline in beverage sales brought on by public venue closures. The report, written by LikeFolio Founder Andy Swan, reads, “Pepsi (NASDAQ: PEP) reported last week and surprised investors as snack foods bolstered revenue more than expected. However, beverage sales were lacking: ‘snack foods carry company in spring quarter as beverages lag.’ This lag is attributable to diminished sales from public venues like restaurants, stadiums, and movie theaters. LikeFolio data reveals KO experienced a Purchase Intent decline in the last month (in line with low market expectations).”
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brand, its portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade, Simply, smartwater, Sprite, vitaminwater and ZICO. The company is constantly transforming its portfolio, from reducing sugar in drinks to bringing innovative new products to market. The company is also working to reduce its environmental impact by replenishing water and promoting recycling. With its bottling partners, its employs more than 700,000 people, helping bring economic opportunity to local communities worldwide. For more information, visit the company’s website at www.Coca-ColaCompany.com.
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