Coca-Cola’s Revenue Dropped 28% Last Quarter, but Believes the Worst Days Are Past

Away-from-home venues represent about half of beverage giant's business

coca cola products
Coca-Cola expects this past quarter to be the year's most challenging. Coca-Cola

With restaurants, sports arenas and movie theaters closed due to the pandemic, the Coca-Cola Company’s net revenue decreased 28% to $7.15 billion for the quarter ending June 26. Away-from-home channels like these account for about half of the company’s business.

@hiebertpaul paul.hiebert@adweek.com Paul Hiebert is a CPG reporter at Adweek, where he focuses on data-driven stories that help illustrate changes in consumer behavior and sentiment.