Coca-Cola revenue beats expectations as consumers venture out
The world's largest soda maker benefited from the partial reopening of theatres and restaurants
Photo: Reuters
Coca-Cola Co beat quarterly revenue expectations on Thursday as the world's largest soda maker benefited from the partial reopening of theatres and restaurants, which have remained shut for months due to the COVID-19 pandemic.
Net revenue fell 9% to $8.7 billion in the third quarter, above the analysts' average estimate of $8.36 billion, according to IBES data from Refinitiv.
The article originally appeared on Reuters
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