Classic Coca-Cola bottles are seen in a store window in Manhattan, New York Metropolis, on July 15, 2024.
Beata Zawrzel | Nurphoto | Getty Photographs
Coca-Cola is about to report third-quarter earnings earlier than the bell on Wednesday.
Here’s what Wall Avenue analysts surveyed by LSEG predict:
- Earnings per share: 74 cents
- Income: $11.60 billion
In latest quarters, Coke has been besting rival PepsiCo, which has been harm by the fallout from the Quaker meals recollects, a slowdown in snacking and lagging power drink gross sales.
Coke has reported robust demand in its worldwide markets, serving to offset weaker demand within the U.S. In its dwelling market, customers have been eating out much less, denting the corporate’s off-premise gross sales and prompting Coke to accomplice with chains to supply combo meals.
Regardless of home challenges, Coke hiked its full-year outlook final quarter, and executives expressed confidence within the firm’s capacity to fulfill these targets for the second half of the yr. For 2024, Coke expects natural income development of 9% to 10% and comparable earnings development in a variety between 5% and 6%.
Shares of Coke have risen 18% this yr, elevating the corporate’s market worth to just about $300 billion.
