Coca-Cola reports earnings beat, reinstates guidance for the year

CNBC Television published this video item, entitled “Coca-Cola reports earnings beat, reinstates guidance for the year” – below is their description.

Coca-Cola on Wednesday said that the coronavirus pandemic is still hurting its sales, but cost-cutting efforts helped it top analysts’ earnings estimates. CNBC’s Sara Eisen reports.

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  • In This Story: Coca-Cola

    The Coca-Cola Company is an American multinational beverage corporation incorporated under Delaware’s General Corporation Law and headquartered in Atlanta, Georgia. The Coca-Cola Company has interests in the manufacturing, retailing, and marketing of nonalcoholic beverage concentrates and syrups.

    The company produces Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton. In 1889, the formula and brand were sold for $2,300 (roughly $67,000 today) to Asa Griggs Candler, who incorporated The Coca-Cola Company in Atlanta in 1892.

    The company has operated a franchised distribution system since 1889. The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The company owns its anchor bottler in North America, Coca-Cola Refreshments.

    The company’s stock is listed on the NYSE and is part of DJIA and the S&P 500 and S&P 100 indexes. Revenue US$37.27 billion (2019).

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    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

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    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
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