Coca-Cola (NYSE: KO) published its quarterly earnings report on Tuesday that highlighted its revenue to have tanked the sharpest in the second quarter in over two decades. The company, however, expressed confidence that demand was recovering quickly as governments started easing COVID-19 restrictions in June. Coca-Cola had previously published an upbeat earnings report for the first quarter in April.
Shares of the company were reported about 1% up in premarket trading on Tuesday. At £36.43 per share, Coca-Cola is currently more than 15% down year to date in the stock market after recovering from an even lower £29.58 per share in March.
