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Concert halls, dining rooms open doors; Coke sales rebound

AP Business Writer

Coca-Cola Co. is getting its fizz back. The Atlanta beverage company said its revenue jumped 16% to $10 billion in the third quarter as stadiums, movie theaters and other venues reopened around the world.  That was ahead of Wall Street’s forecast. Historically, venues like restaurants and theaters account for half of Coke’s sales. They still aren’t back to pre-pandemic levels, but in the meantime, Coke says sales for home consumption also remain strong. Coke said its net income jumped 42% to $2.5 billion. The company raised its revenue and earnings guidance for the full year.  

Associated Press

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