About: http://data.cimple.eu/news-article/cf25727c085b42675f82af9a3ee203ffd7f4d76f305fe536273da2e3

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About: http://data.cimple.eu/news-article/cf25727c085b42675f82af9a3ee203ffd7f4d76f305fe536273da2e3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Coca-Cola warned Tuesday that social distancing measures to combat coronavirus are weighing on sales in the current period as the company reported a jump in first-quarter profits. Net income rose 65 percent to $2.8 billion, boosted in part by the one-time accounting of its acquisition of the fairlife dairy company. Revenues dipped one percent to $8.6 billion, with Asia Pacific suffering the biggest decline following China's coronavirus outbreak. The cola giant said first-quarter sales got a lift from pantry loading as consumers boosted purchases of soda and other items as governments enacted lockdown measures. But Coca-Cola said second-quarter results would suffer because of the significant drop in "away-from-home" channels with the suspension of major sporting events and the closing of restaurants, movie theater and other public venues. "The ultimate impact on the second quarter and full year 2020 is unknown at this time, as it will depend heavily on the duration of social distancing and shelter-in-place mandates, as well as the substance and pace of macroeconomic recovery," the company said. "However, the impact to the second quarter will be material." Coca-Cola joined the large group of companies that withdrew full-year forecasts due to uncertainty. Shares dipped 0.3 percent to $46.40 in pre-market trading. jmb/bgs
schema:headline	Coca-Cola sees 2Q hit from public venue closures
schema:mentions	Movie theater Asia Soft drink Social distancing Coca-Cola Lockdown China Severe acute respiratory syndrome coronavirus 2 Fairlife Macroeconomics Net income
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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