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CLAIM #35266 · The Coca-Cola Company (KO) · 2021Q3 earnings call · Oct 27, 2021 · due Apr 27, 2023

I think we've got a big piece of it, let's say half of it back, of the mix, and there's another half to come, but it won't come overnight, it will come over time.

James Quincey · CEO

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versus commitment · official band 5 percent
Committed
I think we've got a big piece of it, let's say half of it back, of the mix, and there's another half to come, but it won't come overnight, it will come over time.
Reported
That has now largely played out, which is another way of saying, we don't expect channel mix to be a major feature of the discussion in quarters and years to come.

In context

so, just because the lockdown end doesn't mean the outlet reappears. So we will see some of that. But of course there will be some channels that are not yet fully opened. Much of travel and kind of hospitality, there are whole series of sub-channels that are still running far below their 2019 levels. So yes, it's a headwind -- it's a tailwind going into the future, but it's not dependent just on the end of lock-downs. And I think -- well if you imagine a curve, we've got -- the snap-back has happened, and now it's going to be a little more of a smoothing of the curve to recover the rest of the away-from-home, because in part people's habits have changed. Like I said, it's an evolving landscape, I mean, what degree of more permanent at homework here are we going to see. Not quite clear. So I think we've got a big piece of it, let's say half of it back, of the mix, and there's another half to come, but it won't come overnight, it will come over time. Steve Powers: Perfect. Thank you. Operator: Your next question is from the line of Nik Modi with RBC Capital Market. Nik Modi: Good morning, everyone. James, I was hoping you can give us an update on the [Indiscernible] and all the changes that were made. Do you have all the right people in the right seats now? And how is the organization adjusting to the new decision-making matrix if you could just provide us an update there? Just some of the feedback that I've gotten is that you are still in bulk being worked out, so I'm just trying to get a better understanding of timing on when you think you'll be optimally running under this new network structure. James Quincey : I'm not sure I would ever call it arriving at the destination off to be optimally running because by the time we get there

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SEC filings for KO · Claim quote is verbatim from the 2021Q3 earnings call.