Coca-Cola Results Show a Tale of 2 Businesses
Beverage giant Coca-Cola (NYSE: KO) reported third-quarter earnings today showing that the business is still struggling from the impacts of the pandemic. While earnings and revenue beat analyst expectations, organic sales (which exclude currency impacts, acquisitions, or divestitures) still declined 6% as the company's away-from-home business continues to struggle.
In comparison, rival PepsiCo (NASDAQ: PEP) said in its earnings report earlier this month that it saw 4% organic revenue growth. And while Pepsi's snack and food business helped drive that growth, it also said its beverage business experienced 3% organic revenue growth.
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Source Fool.com
