With the third-quarter earnings season just around the corner, Abbott Laboratories and Chipotle are some of the notable brands who have enjoyed stellar financial performances. Here is the breakdown of the third quarter’s top performers:
Abbott Laboratories raked in $8.5 billion in revenue this quarter, a slight improvement on their $8.1 billion performance at this time last year.
While their net income this quarter is $1.6 billion, analysts predict that Abbott will manage to generate $2.1 billion worth of sales during the final quarter of 2020.
Although the COVID-19 pandemic has severely affected the financial performance of sit-down restaurants, Chipotle Mexican Grill is persevering at a time when many of its competitors have fallen.
The restaurant franchise is expected to report an adjusted net income of $96.9 million, which is an unexpected improvement on their $1.6 billion at this time last year.
Coca Cola is another strong earner. The beverage giant is expected to report sales earnings of $8.4 billion, resulting in a net income of $2 billion. While this is a decrease from the $9.5 billion revenue that Coca Cola generated during last year’s third quarter, the company has enjoyed a 5.9% increase in earnings since July 21st.
