Coca-Cola (KO) posted earnings that came in stronger-than-expected earnings but did also note that its sales from stadiums, movie theaters, and restaurants continue to face pressure due to the coronavirus closures.
The company noted that the current financial year is "off to a good start", but reiterated its previous forecast of organic revenue growth in the "high single-digits" and comparable earnings growth of "high single to low double digits" versus 2021.
“We remain focused on emerging stronger and executing against our growth accelerators during the recovery phase. We are pleased with the progress we are making,” said CEO James Quincey. “We are encouraged by improvements in our business, especially in markets where vaccine availability is increasing and economies are opening up, and we remain confident in our full-year guidance.”
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