That was well ahead of the $9.3 billion in sales that Wall Street had forecast, according to analysts polled by FactSet. It was a very different story than the second quarter of 2020, when Coke’s sales sank 28%. Coke Chairman and CEO James Quincey said the recovery remains uneven, but as vaccination rates increase, consumers are returning to their pre-pandemic routines. Quincey said the company’s new recipe for Coke Zero Sugar __ which is designed to make it taste more like traditional Coke __ is getting positive feedback in the 50 markets where it has already been launched. It now expects organic revenue growth of 12% to 14% in 2021 __ up from high single-digit growth __ and earnings per share growth of 13% to 15%Coke’s shares were up 2% in morning trading.

Source: Daily Nation July 21, 2021 11:20 UTC