Coca-Cola said on Wednesday it expects annual organic sales at high-end of its previous range after posting a surprise quarterly rise on growing demand for its sodas and juices in the U.S., India and South Korea.
In recent quarters, strong international sales have boosted Coke's results, offsetting weaker demand in the U.S. The company hiked its full-year outlook last quarter.
Analysts expect the soft-drink maker to report third-quarter adjusted earnings of 75 cents, a penny higher than a year ago.
Coke is on track for its best annual performance in a decade.
Coca-Cola (NYSE: KO) will report its Q3 2024 results on Wednesday, October 23. We expect the company's revenues to come in at $11.65 billion, marginally above the consensus estimate of $11.6 billion.
Coca-Cola has been an exceptionally reliable dividend stock over the years.
In the closing of the recent trading day, Coca-Cola (KO) stood at $70.44, denoting a +0.77% change from the preceding trading day.
KO's Q3 results are expected to reflect the benefits of revenue growth in most operating segments, driven by an enhanced price/mix and unit volume increases.
Evaluate the expected performance of Coca-Cola (KO) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Coca-Cola (KO) concluded the recent trading session at $69.90, signifying a -0.95% move from its prior day's close.
Coca-Cola (KO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Coca-Cola (KO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.