Coca-Cola sees demand improve after 28% slump

Shares of the world’s largest soft drinks maker rose about 3% as it also beat second-quarter profit estimates.

Coca-Cola said demand for its drinks was improving after reporting a 28% slump in sales in one of its “most challenging” quarters of the year due to coronavirus-led closures of restaurants, cinemas, and sports venues.

Shares of the world’s largest soft drinks maker rose about 3% as it also beat second-quarter profit estimates.