After a rough 2020, Coca-Cola’s business recovered in 2021 as restrictions on public gatherings loosened across the U.S. and globally. One positive sign: In the fourth quarter, the company’s away-from-home sales volume—think beverages at concerts, restaurants, and sporting events—finally caught up to pre-pandemic levels. For the full year, revenues increased to $38.7 billion, up 17% from 2020. A potential future growth driver: the company’s late-2021 acquisition of Bodyarmor, a popular sports drink brand in which Coca-Cola previously owned a minority stake.
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Latest news for Coca-Cola
- FinanceAriZona iced tea becomes an inflation folk hero by keeping its prices steadyApril 15, 2022 5:22 PM UTC
- InternationalCoke, McDonalds and Starbucks suspend business in Russia, as only a few holdouts remainMarch 8, 2022 9:10 PM UTC
- RetailCoca-Cola buys remaining BodyArmor stake for $5.6 billionNovember 1, 2021 1:48 PM UTC