Coca-Cola beats profit estimates and forecasts a return to s

Coca-Cola beats profit estimates and forecasts a return to sales growth in 2021


Coca-Cola beats profit estimates and forecasts a return to sales growth in 2021
Nivedita Balu
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JEWEL SAMAD/AFP/Getty Images
Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a torrid 2020, betting vaccine rollouts across the world will encourage consumers to return to cinemas and sporting events that drive a chunk of its sales.
The company depends on non-retail channels for over a third of its sales, but the health crisis limited restaurant operations, forced cancellation of events and kept consumers largely indoors, causing a 9 per cent drop in organic sales last year.

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