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%.