CCP Virus Lockdowns to Hurt Coca-Cola’s Second Quarter Sales

CCP Virus Lockdowns to Hurt Coca-Cola’s Second Quarter Sales
Bottles of Coca-Cola at a Haverhill, Mass., supermarket, on July 9, 2015. Elise Amendola/AP Photo
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Coca-Cola Co said on Tuesday it expects current-quarter results to take a hit as restaurants, theaters, and other venues that represent about half of the company’s revenue remain closed because of the CCP virus pandemic.

The soda maker’s shares, a Dow 30 component, were down about 4 percent. They have lost about 16 percent so far this year.