Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.
Justin Sullivan | Getty Photos
Coca-Cola is predicted to report its fourth-quarter earnings earlier than the bell Tuesday.
Here is what Wall Avenue analysts surveyed by LSEG, previously referred to as Refinitiv, predict:
- Earnings per share: 49 cents anticipated
- Income: $10.68 billion anticipated
Traders predict one other robust quarter from Coke. Like many different meals and beverage firms, Coke has seen demand for its merchandise drop after it raised costs.
However the beverage big has seen quantity snap again extra shortly, because of its away-from-home enterprise. Executives stated final quarter that customers are much less more likely to commerce right down to a less expensive product after they’re at a restaurant or movie show than procuring 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 stated shoppers are consuming and consuming away from dwelling extra typically, and have much less disposable revenue.
Coke shares are flat over the previous yr. The corporate has a market cap of $258 billion.