Coca-Cola Earnings: What to Watch
Investors are bracing for some bad news from Coca-Cola (NYSE: KO) when the beverage giant announces its first-quarter results on April 21. The company was optimistic about seeing only a modest impact from the COVID-19 outbreak in late February. But that outlook worsened less than a month later, when the soda titan had to pull its financial guidance as social distancing efforts slowed economic growth to a crawl in key markets such as the U.S. and Europe.
CEO James Quincey this week likely won't have much more clarity to offer shareholders about the timing of Coke's eventual rebound. But the report should provide new details on its financial strength and management's flexibility to navigate through the historic sales disruption.
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Source Fool.com
