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Coke Is Through Worst Quarter, Says It Gets Better From Here

  • Shares rise as case volumes inch back up after tough spring
  • ‘The ultimate impact on full year 2020 results is unknown’
    
Photographer: Christopher Lee/Bloomberg
Updated on

Coca-Cola Co. investors breathed a sigh of relief Tuesday as the soda maker whose major amusement-park and stadium customers were on lockdowns during much of the second quarter confirmed it has made it through the worst.

“There are some unknowns ahead of us, some markets regressing, but I think on an overall basis, we will see the next six to nine months improving around the world,” Chief Financial Officer John Murphy said in a phone interview. Chief Executive Officer James Quincey said the second quarter will likely “prove to be the most challenging of the year.”