The company, which bottles and sells Coca-Cola <KO.N> drinks in 28 countries, on Wednesday posted sales of 1.83 billion euros (1.63 billion pounds), above a consensus of 1.79 billion euros. HBC's at-home channel, which contributes nearly 60% of HBC's revenue, grew by mid-single digits in the quarter, while business consumption also improved, HBC said.
The company, which bottles and sells Coca-Cola Co <KO.N> drinks in 28 countries, said comparable operating profit fell 35.8% to 208.8 million euros ($246.49 million) for the six months ended June 26, beating company-supplied consensus of 191.7 million euros. HBC said out-of-home volumes - which include sales at hotels, restaurants and cafes - during the initial weeks of lockdowns fell by 70%-90% but improved to declines of 25%-50% in May and June and 10%-40% in July. HBC said it expects a negative impact for 2020 due to weaker consumer environment and tourist season, as well as the risk of a second coronavirus wave.