Coca-Cola's Earnings Call: 3 Big Takeaways
Coca-Cola (NYSE: KO) is earning its status as an ideal bet on the post-pandemic consumer rebound. The beverage titan said last week that sales and profits spiked as people traveled more and returned to restaurants, sporting events, and live music shows.
In the second-quarter conference call with Wall Street analysts, CEO James Quincey and his team cautioned investors about risks ahead, including new COVID-19 outbreaks that were sparking renewed retailing shutdowns. But demand trends are strong enough that Coke raised its outlook for growth, earnings, and cash flow.
Let's look at some key takeaways from that chat with investors.
Source Fool.com
