Coca-Cola Tops Sales Expectations Amid Vaccine-Led Reopening
- Recovery is ‘asynchronous’ across globe, company says
- Soda maker is also planning IPO for African bottling business
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Coca-Cola Co.’s sales beat expectations in the first quarter as the soda maker said it saw early -- though uneven -- signs of recovery in demand, particularly in areas with stronger rates of vaccination against Covid-19.
The company also said it plans to sell a portion of the Coca-Cola Beverages Africa bottling business via an initial public offering.