Consumer brands didnt reap a huge windfall from panic buying, are adjusting to life under lockdown – CNBC

Still, the spikes in demand can not make up for the sales Coke is losing as customers shelter in place. Approximately half of Coke’s revenue comes from consumers having its drinks away from home, at film theaters or sports stadiums.”We anticipate most, but not all, of the need boost in consumer stockup will reverse out later this year,” Hsu said on the profits call Wednesday.

Still, the spikes in demand can not make up for the sales Coke is losing as customers shelter in place. Approximately half of Coke’s profits comes from customers having its beverages away from home, at film theaters or sports arenas. Extra costs accompany the lift in sales. CEO Michael Hsu stated Wednesday that he believes that only a portion of families stockpiled ahead of shelter-in-place orders.”We anticipate most, but not all, of the need increase in customer stockup will reverse out later this year,” Hsu said on the earnings call Wednesday.