Coca-Cola Co.’s sales rebounded faster than expected as the impact of the pandemic abated.
The Atlanta-based soft drink giant said its revenue jumped 42% to $10.1 billion in the April-June period. 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 said sales of its trademark Coca-Cola are now running ahead of 2019 levels thanks to growing demand in Europe, Africa and Latin America.
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