3 Earnings Results That Highlight the Reopening Trade Is Paying Off
In response to the outbreak of the deadly coronavirus, governments worldwide imposed varying degrees of economic lockdowns. The effects devastated businesses that relied on people leaving home.
Thankfully, companies developed several effective vaccines against COVID-19 and are administering them now. As of this writing, nearly 4 billion doses have been put into arms around the world. As a result, several governments removed mobility restrictions, and many businesses welcomed guests back in person. The quarterly earnings results from PepsiCo (NASDAQ: PEP), Coca-Cola (NYSE: KO), and Chipotle (NYSE: CMG) all show a boost in revenue when restrictions eased.
Nearly 4 billion doses of a vaccine against COVID-19 have been administered worldwide. Image source: Getty Images.
Source Fool.com
