Coca-Cola Co at Morgan Stanley Global Consumer Conference (Virtual) Transcript
Good morning. I'm Dara Mohsenian, Morgan Stanley's beverage, household products and food analyst. I'm very pleased to welcome Coca-Cola to Morgan Stanley's Global Consumer and Retail Conference.
Before we get started, I do have to note there are important disclosures on Morgan Stanley's website at www.morganstanley.com/researchdisclosures. And if you have any questions, feel free to reach out to your Morgan Stanley sales representative.
So joining us today from Coca Cola, we have John Murphy, who's Coca-Cola's Chief Financial Officer. Clearly, a very interesting time for Coke. The company was seeing a lot of traction in accelerating organic sales growth and also generating greater cash flow productivity pre-COVID under strategic changes, under a relatively new management team, including John. And since then has clearly seen a significant decline in away-from-home volume during COVID, but has implemented numerous plans, including a
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