Coca-Cola Earnings: What to Watch

Coca-Cola's (NYSE: KO) business was hit extra hard during the COVID-19 pandemic as people avoided restaurants, sporting events, and most other gathering places. Its focus on these point-of-sale drinks translated into sharp volume drops for fiscal 2020 even as peers like PepsiCo (NASDAQ: PEP) grew thanks to booming demand at supermarkets and warehouse retailers. The flip side of that weakness is that Coke may be gearing up for a sparkly rebound as the virus threat recedes over the next few months.