Coca-Cola Co. reported lower revenue for the latest quarter, reflecting growing sales for the first two months of the year before the Covid-19 pandemic escalated and resulted in reduced travel, restaurant closures and sports cancellations outside of China.

The beverage giant on Tuesday posted first-quarter sales of $8.6 billion, down 1% from a year earlier. Analysts polled by FactSet were targeting sales of $8.3 billion.

The…

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