Coca-Cola’s revenue plunged by 28 percent in the second quarter, though sales had begun to improve last month as lockdowns eased globally. In China, case volumes actually grew for the quarter. Coca-Cola Zero Sugar sales fell by just 4 percent. Case volumes in the region fell by 16 percent. Coke’s revenue fell to US$7.2 billion, matching expectations.

Source: The Standard July 21, 2020 14:26 UTC