Business

Coca-Cola quarterly revenue falls 5% on new pandemic restrictions

(Reuters) – Coca-Cola Co reported a 5% fall in quarterly revenue on Wednesday, as fresh pandemic curbs slammed the brakes on the soda maker’s biggest sales drivers, such as restaurants, cinemas and sporting events, in many parts of the world.

Net revenue fell to $8.61 billion in the fourth quarter ended Dec. 31, from $9.07 billion a year earlier.

(Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila)

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