The Coca-Cola Company is a beverage KO stock at https://www.webull.com/quote/nyse-ko company that is one of the licensing and marketing non-alcoholic beverage brands. It is primarily sparkling beverages and a range of still beverages. These are including waters, flavored waters, and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks. The Company’s segments are including Europe, the Middle East, and Africa. This company brands are including Coca-Cola, Diet Coke, Fanta, and Sprite. The Company owns or licenses and markets are over 500 non-alcoholic beverage brands. The KO stock company is marketing, manufacturing, and selling beverage concentrates that are referred to as beverage bases, and syrups. This is including fountain syrups, and finished sparkling and still beverages.
Past Performance, Future Results
- You have all heard the standard Wall Street line about the past performance is no guarantee of future results. Is it right? And yet while not a guarantee, precisely, past performance can be guided this to what future results might be looking like.
- The next year might hold for Coca-Cola is taking a look back at what management told this about its Q1 2020 results just a few weeks ago.
- The first quarter began with good momentum coming off strong results in 2019, began CEO James Quincey.
- However, as a shelter at home and social distancing practices are increased rapidly and globally, there has been temporary but profound pressure on our customers and their business.
- The biggest impact has been a sharp decline in the important away-from-home portion of our business, which is including their eating and drinking channels as well as on-the-go orientated channels like convenience retail.
- Combined, these outlets are broadly represented about half of this business.
A Fearful Future For Coke
- It will be trending turns out to be a mere blip in Coke’s business or something more permanent that could affect where Coca-Cola stock will be in one year. It could be the latter.
- An April survey of more than 1,400 owners of mostly small and independent restaurants found that more than 38% of respondents had closed their restaurants at least temporarily because of a combination of government-mandated shutdowns and slow customer traffic.
- Even with some restaurants still operating on a takeout or delivery model, across the industry, most restaurants reported at least a 50% reduction in sales.
- Now, it may be the gradual reopening of the U.S. economy that this month will be salvaged the situation and revive Coke’s sales to restaurants.
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