An employee works on the production line of the Swire Coca-Cola Beverages Hubei Limited on March 24, 2020 in Wuhan, Hubei province, China.
Coca-Cola on Tuesday reported that the company’s global volumes have plunged 25% since the start of April.
Shares of the company rose less than 1% in premarket trading.
Here’s what the company reported:
- Earnings per share: 51 cents, adjusted
- Revenue: $8.60 billion
Excluding items, Coke earned 51 cents per share.
Net sales dropped 1% to $8.60 billion.
This is a developing story. Please check back for updates.