With Stadiums, Theaters Closed, Coke 2q Revenue Plunges 28%

Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it. Coke Chairman and CEO James Quincey said sales improved sequentially in May, June and July despite surging cases in key markets like the U.S., Iran and Australia. While the path forward is unclear and the global economic recovery will take years, Quincey said it's unlikely that the world will see another worldwide lockdown as it did earlier this spring.Read more on NewsOK.com

Topics:  coke chairman   ceo james quincey   june   july   u.s   iran   australia   newsok   quincey   revenue   
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