Forecast Of The Day: Coca-Cola’s North American Revenues
What?
Trefis expects Coca-Cola’s (NYSE:KO) North America Revenues to rise from levels of around $13.5 billion in 2020 to $15 billion in 2021 and over $16 billion in 2022.
Why?
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Coke has driven steady growth in its North American business, via a mix of volume growth, acquisitions, and stronger pricing and product mix. Although sales dipped in 2020 due to Covid-19, we expect it to rebound nicely in 2021.
So What?
Coke stock has underperformed over the last 12 months, gaining just about 20%. However, we think the stock has some more room for gains as the U.S. economy continues to reopen following the pandemic.
See Our Complete Analysis For Coca Cola
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