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Coca-Cola is about to report earnings. Here's what to expect

By · Published by Everything Blog

In short

Coca-Cola is set to report earnings before the bell on Tuesday, with analysts anticipating earnings of 88 cents per share and revenue of $12.92 billion. The beverage giant has maintained strong consumer demand, with premium brands like Fairlife still popular. The company has also invested $10 billion in infrastructure across the U.S. through 2030, including previously announced projects in California and New York. Shares of Coca-Cola have climbed about 32% this year, outperforming the S&P 500's gains of around 12% over the same period. The company's market cap stands at roughly $398 billion.

Key points

  • Coca-Cola is expected to report earnings before the bell on Tuesday, with analysts antici…: Coca-Cola is expected to report earnings before the bell on Tuesday, with analysts anticipating earnings of 88 cents per share and revenue of $12.92 billion.
  • The company has maintained strong consumer demand, with premium brands like Fairlife stil…: The company has maintained strong consumer demand, with premium brands like Fairlife still popular.
  • The company has invested $10 billion in infrastructure across the U.S. through 2030, incl…: The company has invested $10 billion in infrastructure across the U.S. through 2030, including previously announced projects in California and New York.

Sources checked by our analysis pipeline: 1

Coca-Cola is expected to report quarterly earnings before the bell on Tuesday.

Here's what Wall Street analysts are expecting the company to report, according to consensus estimates from LSEG:

- Earnings per share: 88 cents expected

- Revenue: $12.92 billion expected

In recent quarters, Coke executives have said shoppers are under pressure, stretched thin by inflation and economic uncertainty. But the beverage giant has also said consumers are still buying its drinks, from premium brands like Fairlife to its namesake soda.

Rival PepsiCo has not had the same success. Earlier in October, the company cut its full-year earnings forecast as demand in its home market lags. Its U.S. soda business was a particular weak spot in its fiscal third quarter. Adding to Pepsi's challenges, Coke recently won the U.S. business of longtime Pepsi customer KFC.

For the full year, Coke is projecting comparable earnings per share growth of 9% to 10% and an organic revenue increase of about 5%.

In September, Coke said its system will invest $10 billion in infrastructure across the U.S. through 2030. The plans include previously announced projects in California, New York and other states.

Shares of Coke have climbed about 32% so far this year, outstripping the S&P 500's gains of around 12% over the same period. The company has a market cap of roughly $398 billion.

Original source: www.cnbc.com

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