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Courtesy Barron's

"The pandemic and its restrictions have hurt Coke, which gets about half of its sales from restaurants, cafeterias, stadiums, and other places and events outside the home," per Barron's.

Yes, but: Coca-Cola is promising a "reopening" plan: "Coke benefits from rising living standards in the developing world. And ... the company generates about 75% of its profits outside the U.S."

Barron's also sees "a great operational turnaround story":

  • "Under its dynamic CEO of the past three years, James Quincey, Coke has largely sold off its company-owned bottling operations to franchisees, resulting in a capital-light business model."

PepsiCo, which includes Frito-Lay and Quaker Foods, is also thriving at home and around the world, CNBC reports, based on rising stay-at-home sales for snacks, pancake mix and more.

Go deeper

2 mins ago - World

Israeli parliament opts for early elections in preliminary vote

Netanyahu (C) arrives in parliament today. Photo: Alex Kolomiensky/Pool/AFP via Getty

After six months of a dysfunctional power-sharing government, Israel is headed for its fourth elections in less than two years, most likely at the end of March.

Driving the news: The Knesset voted 61-54 today to approve the preliminary reading of a bill to dissolve the parliament and call new elections. Benny Gantz's Blue and White party supported the bill while Prime Minister Benjamin Netanyahu's Likud and the rest of the coalition voted against.

1 hour ago - Sports

The end of COVID’s grip on sports may be in sight

Illustration: Aïda Amer/Axios

Packed stadiums and a more normal fan experience could return by late 2021, NIAID director Anthony Fauci said yesterday.

Why it matters: If Fauci's prediction comes true, it could save countless programs from going extinct next year.

Trump's 2024 begins

Trump speaking to reporters in the White House on Thanksgiving. Photo: Erin Schaff - Pool/Getty Images

President Trump is likely to announce he'll run again in 2024, perhaps before this term even ends, sources tell Axios.

Why it matters: Trump has already set in motion two important strategies to stay relevant and freeze out other Republican rivals. 

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