Vintage Coca-Cola bottles are displayed in a store window in Manhattan on July 15, 2024 in New York City.
Beata Sales | Noor Photos | Getty Images
Coca Cola It will release third-quarter earnings before the market closes on Wednesday.
Here are the expectations of Wall Street analysts polled by London Stock Exchange Group (LSEG):
- Earnings per share: 74 cents
- income: $11.6 billion
Coca-Cola has been beating rivals in recent quarters PepsiThe company has been hurt by Quaker food recalls, slowing snack sales and lagging energy drink sales.
Coca-Cola reported strong demand in its international markets, helping to offset weaker demand in the United States.
Despite domestic challenges, Coca-Cola raised its full-year forecast last quarter, with top executives expressing confidence in the company’s ability to meet its second-half targets. Coca-Cola expects organic revenue to grow by 9% to 10% in 2024, with comparable profit growth between 5% and 6%.
Coca-Cola’s shares are up 18% this year, giving the company a market value of nearly $300 billion.
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