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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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