Coca-Cola on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
Coca-Cola said it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
Coke previously forecast that 2020 organic revenue would grow by 5% and adjusted earnings per share would increase by 7% to $2.25.A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019.on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
Around the world, sporting events and concerts have been canceled, movie theaters and restaurants have been closed, and people are working from home. Those initiatives to promote social distancing, along with currency fluctuations, are expected to hit Coke's business, according to a regulatory filing.
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