Coca-Cola: Coronavirus will have its effect felt in 2nd quarter results

Coca-Cola has published its latest figures, and the company’s revenue and adjusted profit have also been better than previously expected, but the company expects the pandemic could significantly reverse the company’s second-quarter figures due to the coronavirus, although the impact cannot be forecasted – portfolio.hu wrote.

However, Coca-Cola believed that the pressure on the business from the epidemic was temporary and the company remains optimistic that there would be a gradual improvement in the second half of this year.

Coca-Cola released its latest figures ahead of market opening on Tuesday, with the company’s first-quarter revenue ending March 27 falling 1 percent to 8.6 billion USD, while analysts expected 8.28 billion USD, according to a Reuters consensus. (portfolio.hu)