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Shouldn't Have Gotten Rid Of Surge And Vault In The First Place
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Business was bad for everyone, but it was really bad for Coca-Cola, with sales off 28 percent. It's because of the loss of restaurant, bar, and movie theater business. Are you drinking less Coke or other soda in the pandemic? Another highlight: They're going to kill off some of their "zombie brands," but they didn't say which ones other than the previously announced demise of Odwalla juices. Oh, one other thing that should give you pause about investing: The news was bad all around, but Coke stock went up. That's because Wall Street analysts had predicted slightly worse. Of course. (New York Post)
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