Coca-Cola shares drop more than the broader market after a sharp session decline
Coca-Cola (KO) ended the latest trading day at $81.56, down 3.96% from the prior close, moving lower faster than the wider market as investors rotated through equities.
Retailers, restaurants, apparel, packaged goods, household brands, and the consumer spending signals behind them.
Coca-Cola (KO) ended the latest trading day at $81.56, down 3.96% from the prior close, moving lower faster than the wider market as investors rotated through equities.
THE APEX TIMES
McDonald’s is set to release second-quarter results next month, with Wall Street expectations pointing to modest single-digit profit growth, according to a recent earnings preview.
The company said it is suspending operations at a U.S. dairy facility linked to Fairlife while it assesses the scope of a ransomware-related incident.
The beverage giant said a cybersecurity incident forced it to suspend Fairlife milk production while it investigates the cause and scope of the disruption.
RBC said Starbucks’ fiscal third-quarter performance in North America is poised to track market expectations, with the Street focusing on same-store sales results.
A fresh market commentary highlighted growing interest in PepsiCo shares, pointing readers to review what could be ahead for the consumer staples company, though it did not provide new operational details in the notice.
The drinks company said it suspended Fairlife output after suffering a ransomware attack, adding that the full scale of the incident and its effects were still being assessed.
Coca-Cola said an unauthorized third party accessed Fairlife production-related systems in connection with a ransomware attack, prompting a halt to U.S. output. The company said its Canadian operations were unaffected.
The beverage and dairy drinks maker said it has suspended production of Fairlife products while it assesses the incident, adding that the full nature and impacts are still being determined.