Bottler Coca-Cola HBC’s April Sales Lose Fizz As Lockdowns Weigh

Soft drinks bottler Coca Cola HBC AG on Thursday said sales in April fell by more than a third as fast-food chains, theatres and other public arenas stayed shut to limit the spread of the new coronavirus during stay-at-home orders.

The company, a bottler for U.S.-based beverage firm Coca-Cola, said net sales revenue for April slumped 37.2% on a constant currency basis, with first-quarter sales slipping 1.2% to €1.41 billion euros.

ESM