NetworkNewsBreaks – The Coca-Cola Company (NYSE: KO) Featured in Analysis Report
The Coca-Cola Company (NYSE: KO) was featured in an analysis report discussing the recent decline in beverage sales brought on by public venue closures. The report, written by LikeFolio Founder Andy Swan, reads, “Pepsi (NASDAQ: PEP) reported last week and surprised investors as snack foods bolstered revenue more than expected. However, beverage sales were lacking: ‘snack foods carry company in spring quarter as beverages lag.’ This lag is attributable to diminished sales from public venues like restaurants, stadiums, and movie theaters. LikeFolio data reveals KO experienced a Purchase Intent decline in the last month (in line with low market expectations).”…