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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.26 | 0.42% | 62.25 | 62.33 | 61.64 | 61.99 | 11,628,678 | 01:00:00 |
From May 2019 to May 2024
By Matt Grossman
The Coca-Cola Co. said Friday that it is likely to miss its previously stated earnings guidance for 2020 as the Covid-19 pandemic disrupts global markets.
The Atlanta-based beverage giant said that restaurant closures, sports cancellations and reduced travel will all cut into demand for its drinks.
In late February, Coca-Cola warned that the pandemic could hurt business in the first quarter, but the company stood behind previous guidance for the full year. That guidance had estimated earnings of $2.25 a share and organic revenue growth of 5% for 2020.
Coca-Cola said Friday that the new coronavirus could now cause a material change from that forecast, but added that economic upheaval prevents a reasonable estimate of the full effects.
The company added that it doesn't expect disruptions to its provision of soft-drink ingredients to its bottlers.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
March 20, 2020 09:37 ET (13:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Coca Cola Chart |
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