Coca-Cola quarterly revenue falls 5% on new pandemic restrictions

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Coca-Cola quarterly revenue falls 5% on new pandemic restrictions © Reuters. FILE PHOTO: Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris

(Reuters) – Coca-Cola (NYSE:) Co reported a 5% fall in quarterly revenue on Wednesday, as fresh pandemic curbs slammed the brakes on the soda maker’s biggest sales drivers, such as restaurants, cinemas and sporting events, in many parts of the world.

Net revenue fell to $ 8.61 billion in the fourth quarter ended Dec. 31, from $ 9.07 billion a year earlier.

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