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  • Coca Cola's homebound consumers are still stocking up on sodas and other beverages.

  • And that helped the world's largest soda maker beat analysts expectations on both its top and bottom lines.

  • Sales of its flagship Coca Cola and Coca Cola zero sugar turned positive.

  • Still, the company said its last quarter had been it's most challenging.

  • Coca Cola derives roughly half of its revenue from sales at public venues such as restaurants, theaters and vending machines.

  • It said the sales decline in that so called away from home segment has slowed down.

  • Back in August, Coca Cola launched a restructuring plan.

  • It's cutting jobs, streamlining its beverage lineup and focusing on popular products like its signature soda.

  • But its rival, Pepsico, has managed to rebound with improved sales at convenience stores and gas stations and increased demand for its snacks.

  • Unlike Coca Cola, its revenue and profit both rose.

  • Nevertheless, Coca Cola shares bubbled up in early trading Thursday.

Coca Cola's homebound consumers are still stocking up on sodas and other beverages.

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Coca-Cola emerges from lockdown blues

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    林宜悉 posted on 2020/10/25
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