Coca-Cola's 2020 Revenue Lowest in a Decade

Coca-Cola's profit experienced an 11% decrease in 2020 compared to the previous year (year-on-year). According to the survey agency Macrotrends, the revenue of the carbonated beverage company in 2020 amounted to US$ 33,014 or approximately Rp 475.56 million. This is the lowest value in the last 10 years.

According to the Financial Times, Coca-Cola's revenue plummeted last year due to closure regulations imposed on restaurants, bars, and other commercial venues during the Covid-19 pandemic. Before the pandemic, these venues typically contributed about half of Coca-Cola's annual sales.

In 2019, the revenue of this multinational company from the United States reached US$ 37,266. In 2018 and 2017, it reached US$ 34,300 and US$ 36,212 respectively.

Over the last decade, the highest revenue for this carbonated beverage company was recorded in 2012 at US$ 48,017. In 2013, it reached US$ 46,854.

Coca-Cola's share price fell to US$ 55.22 per share from US$ 56.1 per share following an action by football star Cristiano Ronaldo. The Portuguese footballer removed two bottles of the soda from the conference table on Monday, June 14, 2021, because he preferred plain water, which he considers healthier.