Shoppers will scan the Coca-Cola Company’s soft drink cases at a store in Olem, Utah, USA, on Tuesday, February 9, 2021.
George Frey | Bloomberg | Getty Images
Coca-Cola will report the results for the second quarter before the bell on Wednesday.
Wall Street analysts surveyed by Refinitiv expect:
- Earnings per share: 56 cents expected
- Revenue: Expected to be $ 9.32 billion
A year ago, beverage giants’ revenues fell by a third, and quarterly revenues fell the most in at least 30 years. Analysts are more optimistic about the second quarter of this year and expect both revenue and revenue to return to pre-pandemic levels.
In the previous quarter, the company repeated its full-year forecasts of intrinsic earnings growth in the high single digits and adjusted earnings growth in the high single to low double digits. But since then, inflation has accelerated. In early July, PepsiCo executives said the company was seeing rising prices for raw materials, labor and freight.
Deltacovid variants raise new concerns even in countries with high vaccination rates, such as the United States. Before the pandemic, going out, such as going to the cinema or restaurants, accounted for about half of Coke’s revenue. These sales are recovering, but new regulations could slow the recovery.
Coke’s share has risen nearly 2% this year, with its market value remaining at $ 214 billion.
Coca-Cola (KO) Second Quarter 2021 Revenue
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