A consumer scans a case of Coca-Cola Co. smooth drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.
George Frey | Bloomberg | Getty Pictures
Coca-Cola is anticipated to report its second-quarter outcomes earlier than the bell on Wednesday.
Here is what Wall Road analysts surveyed by Refinitiv expect:
- Earnings per share: 56 cents anticipated
- Income: $9.32 billion anticipated
A yr in the past, the beverage big’s earnings fell by a 3rd, and its quarterly income had its largest decline in no less than three many years. Analysts are extra optimistic about its second quarter this yr, predicting that each its earnings and income will bounce again to pre-pandemic ranges.
Final quarter, the corporate reiterated its full-year forecast of natural income development within the excessive single digits and adjusted earnings development in a spread of excessive single digits to low double digits. Since then, nonetheless, inflation has accelerated. Earlier in July, PepsiCo executives stated that the corporate is seeing larger costs for elements, labor and freight.
The delta Covid variant has additionally sparked new issues, even in international locations with larger charges of vaccination, like america. Earlier than the pandemic, away-from-home events like going to the movie show or eating places accounted for about half of Coke’s income. These gross sales have been coming again, however new restrictions may dampen its restoration.
Shares of Coke have risen almost 2% this yr, giving the corporate a market worth simply shy of $241 billion.