It's Tuesday, April 21st. Welcome to Market Foolery. I'm Chris Hill with me. Mr. Bill Barker.

Good to see you. Good to see you. We've got some earnings. We've got some announcements. Let's just call it

announcements. We're going to start with Coca-Cola. First quarter profits and revenue for Coca-Cola came in higher than expected.

What stood out to you in this report because what stood out to me was how much Coca-Cola depends on what they refer to as the

away from home channel.

Yeah, I think in terms of, once you hear it it becomes kind of what you might have expected if you had

been thinking a lot about the business of Coke but the away from home the and stay at home has occurred.

So the numbers for the whole quarter

don't come out really nearly as badly

because people stocked up for Coke and water and orange juice and now they're having stocked up not going to be buying as much but this whole away from home you're talking about theaters you're talking about

sporting events you're talking about convenience stores picking something up at the

gas station all of that is is way way way off 50% that's for a company the size of Coke that's pretty impressive.

Yeah, I mean you throw in restaurants and bars and yeah it's it's as you said once you start to think about it, it makes perfect sense and

I'm curious to see how quickly they can bounce back from this and I guess we're going to get at least

an additional data point this weekend when the state of Georgia opens for business to a degree that a lot of

other states are not open and we see well how many people are going back to these

venues and and what is the activity like because you can you can wave a

magic wand and say we're gonna open up all the restaurants and bars I still think

the majority of people are just going to stay right where they are and I think

that for Coca-Cola it's good that they've got the distribution network they have because it seems like the Away From Home Channel is going to be slow to ramp back up.

So Georgia, well, you know, if you're going and you're getting a tattoo or you're getting a massage because those are two of the main things that are being opened in Georgia, of course you're going to have a Coke.

So that's got to help.

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