Analysts forecast 93 cents per share as the beverage giant benefits from premium demand amid economic volatility.
Coca-Cola is set to report second-quarter earnings before Tuesday’s market open, with Wall Street expecting $13.16 billion in revenue and 93 cents per share. The company has maintained strong demand, particularly among high-income consumers, despite broader economic uncertainty.
For the full year, Coca-Cola projects 8% to 9% comparable earnings growth and 4% to 5% organic revenue growth. Rival PepsiCo reported a 4% decline in North American beverage volume earlier this month, highlighting Coke’s relative resilience.
Shares of Coca-Cola have risen over 19% year-to-date, outperforming the S&P 500’s 8% gain. The company’s market cap stands at nearly $360 billion.