Can Coca-Cola Grow Again in 2021?
Coca-Cola (NYSE: KO) just closed the books on a rough fiscal 2020 that included rare declines in sales volume, earnings, and cash flow. The beverage titan also lost market share in a year characterized by sharply reduced consumer mobility. Its focus on away-from-home drink sales was a liability during the pandemic compared to more diversified companies like PepsiCo (NASDAQ: PEP).
But Coke still boosted profitability in that tough selling environment. It ended its market share slide in the fourth quarter, too, which points to a brighter 2021 ahead.
Let's take a closer look.
Source Fool.com
