Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.
Justin Sullivan | Getty Pictures
Coca-Cola is predicted to report its fourth-quarter earnings earlier than the bell Tuesday.
Here is what Wall Road analysts surveyed by LSEG, previously often called Refinitiv, expect:
- Earnings per share: 49 cents anticipated
- Income: $10.68 billion anticipated
Buyers expect one other sturdy quarter from Coke. Like many different meals and beverage corporations, Coke has seen demand for its merchandise drop after it raised costs.
However the beverage large has seen quantity snap again extra shortly, due to its away-from-home enterprise. Executives mentioned final quarter that buyers are much less prone to commerce right down to a less expensive product once they’re at a restaurant or movie show than purchasing on the grocery retailer.
Rival PepsiCo reported an identical dynamic on Friday when it launched its fourth-quarter outcomes. PepsiCo CEO Ramon Laguarta advised analysts that U.S. meals and snack gross sales have slowed down. He mentioned shoppers are consuming and ingesting away from residence extra typically, and have much less disposable earnings.
Coke shares are flat over the previous 12 months. The corporate has a market cap of $258 billion.