Coca-Cola Hit a Big Milestone in March

Coca-Cola Hit a Big Milestone in March

Investors were bracing for another tough earnings report from Coca-Cola (NYSE: KO) to kick off its fiscal 2021. Coke's growth rates improved from the prior quarter but are still being pressured by social distancing restrictions. Management said the business lost ground to rivals like PepsiCo (NASDAQ: PEP) due to Coke's dominant position in away-from-home niches like restaurants and sporting events.